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The Candle Corporation has recently begun to accept credit cards. On July 7, Candle made...

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Question

Accounting

The Candle Corporation has recently begun to accept credit cards. On July 7, Candle made a credit card sale of $600. Assume that the credit card fee is recorded on the date of sale and that the credit card company charges a fee of 3%.
Which of the following correctly shows the effects of the sale on July 7?
Balance Sheet
Assets = Liabilities + Income Statement
Statement of Cash Flows
A.60018582582na582na
B.582na58260018582582 OA
C.582na58260018582 n/a
D.600na600600na600na
C
A
B
D
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