[The following information applies to the questions displayed below.]The Yankee Corporation has recently begun to accept credit cards. On July 7, Year 1, Yankee made a credit card sale of $600. The credit card company charges a fee of 3% for handling a credit card transaction.Which of the following correctly shows the effects of the sale on July 7? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.600 18 582582 NA 582NAB.582 NA 582600 18 582582 OAC.582 NA 582600 18 582NAD.600 NA 600600 NA 600NA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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