If Extol's Inc. sells items to a customer who uses a credit for $800, and there is a credit card fee of 2%, what is the amount of the credit to Sales Revenue?

Name: If Extol's Inc. sells items to a customer who uses a credit for $800, and there is a credit card fee of 2%, what is the amount of the credit to Sales Revenue?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The credit to Sales Revenue is the full amount of the sale, which is $800. The credit card fee affects the cash received, not the sales revenue recorded.