If Abby,Inc

question 57

Multiple Choice

If Abby,Inc.sells items to a customer who uses a credit card for $1,000,and there is a credit card fee of 1.5%,Abby will record a(n) :

• A)credit to Sales Revenue for $985.
• B)debit to Accounts Receivable for $985.
• C)debit to Sales expense for $65.
• D)debit to Credit Card Discount Expense for $15.

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Definitions:

Overexploited

A condition where natural resources are consumed at a rate faster than they can replenish, leading to depletion or significant ecological damage.

Relative

This term refers to something considered in relation or in proportion to something else.

Overfishing

The unsustainable harvesting of fish species at a rate faster than they can reproduce, leading to declining populations.

Reduce Costs

Strategies or actions taken by businesses to decrease expenses and improve profitability without compromising the quality of their products or services.