Schofield Retailers Accepted $60,000 of Silver Bank MasterCard Credit Card

question 148

Multiple Choice

Schofield Retailers accepted $60,000 of Silver Bank MasterCard credit card charges for merchandise sold on August 1. Silver Bank charges 4% for its credit card use. The entry to record this transaction by Schofield Retailers will include a credit to Sales Revenue of $60,000 and a debit(s) to

• A) Cash for $57,600 and Service Charge Expense for $2,400.
• B) Accounts receivable for $57,600 and Service Charge Expense for $2,400.
• C) Cash for $60,000.
• D) Accounts Receivable for $60,000.

Grasp the debates within the U.S. administration about national security post-Cold War.

Comprehend the demographic and occupational trends of immigration to the United States at the turn of the twenty-first century.

Analyze the economic disparities and growth trends in late 20th-century America.

Recognize the intentions and outcomes of significant trade agreements such as NAFTA.

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Definitions:

Sue

To initiate legal proceedings against an individual or entity, typically to seek remediation for a grievance or injury.

Cyberdefamation

The act of damaging someone's reputation by making false statements about them on the internet.

Electronic Devices

Gadgets powered by electricity, including computers, smartphones, and tablets, used for a variety of tasks.

False Information

Incorrect or misleading data presented as fact, which can have legal consequences if used for deceit.