Answered: QUESTION 5 Sales to customers who use… | bartleby

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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**Question 5**

Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by:

- a. debit to Cash, credit to Credit Card Expense, and a credit to Sales
- b. debit to Cash and a credit to Sales
- c. debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales
- d. debit to Sales, debit to Credit Card Expense, and a credit to Cash

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