Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 4.0% charge on sales for using its card. On June 28, Jervis had $3700 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit?
A. Debit Cash $3552.00; debit Credit Card Expense $148.00; credit Sales $3700
B. Debit Cash $3700; credit Sales $3700
C. Debit Accounts Receivable $3552.00; debit Credit Card Expense $148.00; credit Sales $3700
D. Debit Accounts Receivable $3700; credit Sales $3700
E. Debit Cash $3848.00; credit Credit Card Expense $148.00; credit Sales $3700
Answer: A
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