P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposited in the seller's bank account. Master Card charges a 4% fee. The journal entry to record this sales transaction would include a:Multiple select question.Credit to Credit Card Expense for $20.Credit to Sales for $500.Debit to Cash for $485.Credit to Accounts Receivable for $500.Debit to Cash for $480.Debit to Credit Card Expense for $20.

T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:Multiple choice question.Accounts Receivable for $500Sales for $500Cash for $500 and Credit Card Expense for $25Cash for $475 and to Credit Card Expense for $25

Woodstock Co. had $500 of credit cards sales. The net cash receipts were deposited immediately into Woodstock's bank account less a 2% fee. The entry to record this sales transaction would include a credit to:Multiple choice question.Sales in the amount for $500Accounts Receivable for $500Sales for $490Accounts Receivable for $490

MacKenzie Company sold $500 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 2.5% fee for sales on its credit cards. The journal entry to record this sales transaction would be:Multiple ChoiceDebit Cash of $500 and credit Sales $500.Debit Cash $487.50 and credit Sales $487.50.Debit Cash of $500 and credit Accounts Receivable $500.Debit Accounts Receivable $500 and credit Sales $500.Debit Cash $487.50; debit Credit Card Expense $12.50 and credit Sales $500.

J. Whitlock Co. had $1,000 of credit cards sales. The net cash receipts were deposited immediately into Whitlock's bank account less a 5% fee. The entry to record this sales transaction would include a debit to:Multiple choice question.Sales in the amount of $1,000Cash in the amount of $1,000Credit Card Expense in the amount of $50Accounts Receivable in the amount of $950

The entry to record a sale of $750 (cost of goods $400) with terms of 2/10, n/30 will include a: Group of answer choices debit to Discount Allowed for $15. debit to Sales Revenue for $735. credit to Accounts Receivable for $750. credit to Sales Revenue for $750.