Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 5.0% charge on sales for using its card. On June 28, Jervis had $5400 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit?
A. Debit Cash $5400; credit Sales $5400
B. Debit Accounts Receivable $5130.00; debit Credit Card Expense $270.00; credit Sales $5400
C. Debit Cash $5130.00; debit Credit Card Expense $270.00; credit Sales $5400
D. Debit Cash $5670.00; credit Credit Card Expense $270.00; credit Sales $5400
E. Debit Accounts Receivable $5400; credit Sales $5400
Answer: C
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