Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jervis accepts all major bank credit cards, includ

Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which...

50.1K

Verified Solution

Question

Accounting

image
Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 4.0% charge on sales for using its card. On June 28, Jervis had $5,700 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit? Multiple Choice Debit Cash $5,700; Credit Sales $5,700 Debit Accounts Receivable $5,700, credit Sales $5.700 Debit Cash $5,928,00; credit Credit Card Expense $228.00: credit Sales $5,700 Debit Cash $5,472.00; debit Credit Card Expense $228.00; credit Sales $5,700 Debit Accounts Receivable $5,472.00; debit Credit Card Expense $228.00; credit Sales $5,700

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students