Question

Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 3% charge on sales
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Answer #1
Correct option is: D. Debit Cash $3395; Debit Credit card expense $105; Credit Sales $3500
Workings:
Account Titles and Explanation Debit Credit
Cash ($3500 - $105) $       3,395
Credit card expense ($3500 X 3%) $           105
Sales $       3,500

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