A customer makes a $2,000 purchase at ApplianceWorld, paying with a credit card. ApplianceWorld is charged a 2% fee by the credit card company. When recording this sale, ApplianceWorld would:
A) Debit Accounts Receivable for $2,000.
B) Credit Sales Revenue for $2,000.
C) Credit Sales Revenue for $1,960.
D) Credit Deferred Revenue for $2,000.
Answer: Credit Sales Revenue for $2,000.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.