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Question
schofield retailers accepted $50,000 of silver bank mastercard credit card charges for merchandise sold on august 1. silver bank charges 4% for its credit card use. the entry to record this transaction by schofield retailers will include a credit to sales of $50,000 and a debit(s) to
a.cash for $48,000 and service charge expense for $2,000
b.accounts receivable for $48,000 and service charge expense for $2,000
c.cash for $50,000
d.accounts receivable for $50,000
Answer
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