The College Store Accepts MasterCard for Payments of Purchases Made

The College Store accepts MasterCard for payments of purchases made by students. The credit card drafts are deposited directly in a bank account. MasterCard charges a 1.55% collection fee. Credit card drafts totaling $10,000 are deposited during August. Recording the sales and deposits will result in an increase in

A) Cash for $10,000
B) Sales for $ 9,854
C) Accounts Receivable for $9,854
D) Service Charge Expense for $155