Sales using a retailer's own credit card are considered to be
A) cash.
B) prepaid expenses.
C) accounts receivable.
D) bank loans.

Name: Sales using a retailer's own credit card are considered to be A) cash. B) prepaid expenses. C) accounts receivable. D) bank loans.
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Question

Quizplus · Accepted Answer

Sales made using a retailer's own credit card are considered accounts receivable because the retailer is extending credit to the customer, expecting payment at a later date.

Sales Using a Retailer's Own Credit Card Are Considered to Be