Target Allows Customers to Use MasterCard B) C) D) None of the Above

question 4

Multiple Choice

Target allows customers to use MasterCard.They report sales of $24,000 for the week.MasterCard charges Target a 3% fee.The journal entry for this transaction would be:

• A) \[\begin{array} { | l | r | r | r | }
• \hline \text { Sales } & & 24,000 & \\
• \hline \text { Bankcard discount expense } & & 720 & \\
• \hline & \text { Cash } & & 24,720 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | r | }
• \hline \text { Cash } & & 24,000 & \\
• \hline \text { Bankcard discount expense } & & 720 & \\
• \hline & \text { Sales } & & 24,720 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | r | }
• \hline \text { Cash } & & 23,280 & \\
• \hline \text { Bankcard discount expense } & & 720 & \\
• \hline & \text { Sales } & & 24,000 \\
• \hline
• \end{array}\]
• D) None of the above.

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Definitions:

Marine Habitats

natural habitats found in the oceans and seas which are home to a diverse range of marine organisms and ecosystems.

Detritivores

Organisms that feed on dead organic matter (detritus), breaking it down into smaller particles and contributing to the decomposition process.

Carnivores

Organisms that primarily obtain nutrients from the consumption of animal tissue.

Bilaterally Symmetrical

An organismal structure characteristic where the body can be divided into identical left and right halves along a single plane.