Select all that applyJD Co. had $1,000 of credit cards sales. The net cash receipts were deposited immediately into JD Company's bank account less a 3% fee. The entry to record this sales transaction would include the following debit entries.Multiple select question.Sales for $970Cash for $1,000Cash for $970Accounts Receivable for $970Credit Card Expense for $30Accounts Receivable for $1,000

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

Select all that applyA company sells a machine that cost $7,000 for $500 cash. The machine had $6,500 accumulated depreciation. The entry to record this transaction will include which of the following entries?Multiple select question.Credit to Cash for $500.Debit to Loss on Sale of Machinery for $500.Credit to Machinery for $7,000.Debit to Cash for $500.Debit to Accumulated Depreciation - Machinery for $6,500.Credit to Gain on Sale of Machinery for $500.Credit to Accumulated Depreciation - Machinery for $6,500.Debit to Machinery for $7,000.

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.Sales for $500Cash for $500 and Credit Card Expense for $25Cash for $475 and to Credit Card Expense for $25Accounts Receivable for $500

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.

A company factored $51,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a:Multiple ChoiceDebit to Cash of $51,000, a debit to Factoring Fee Expense of $1,530, and credit to Accounts Receivable of $49,470.Debit to Cash of $51,000 and a credit to Notes Payable of $51,000.Debit to Cash of $51,000 and a credit to Accounts Receivable of $51,000.Debit to Cash of $49,470, a debit to Factoring Fee Expense of $1,530, and a credit to Accounts Receivable of $51,000.Debit to Cash of $52,530 and a credit to Accounts Receivable of $52,530.