Absolute Appliances The Company Sold Merchandise to a Customer on December 1

Absolute Appliances
The company sold merchandise to a customer on December 1, Year 1, for $120,000. The company accepted a promissory note as payment. The note has a term of three months and an annual interest rate of 10%. The company's accounting period ends on December 31.
-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 totalling $10,000 are deposited during August.What increases when recording the sales and deposits?

A) cash by $10,000
B) sales by $ 9,854
C) accounts receivable by $9,854
D) service charge expense by $155