McGregor Company allows customers to pay with credit cards.The credit card company charges McGregor 3% of the sale.When a customer uses a credit card to pay McGregor $200 for services provided,McGregor would:
A) Debit Cash for $200.
B) Credit Service Revenue for $194.
C) Debit Service Fee Expense for $6.
D) Credit Service Revenue for $206.
Correct Answer:
Verified
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A)Foreign currency.
B)Money orders.
C)Accounts receivable.
D)Undeposited
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