If Abby,Inc

question 146

Multiple Choice

If Abby,Inc.sells items to a customer who uses a credit card for $1,900,and there is a credit card fee of 2.5%,Abby will record a(n) : (Round your final answer to the nearest dollar. )

• A)credit to Sales Revenue for $1,852.
• B)debit to Accounts Receivable for $1,852.
• C)debit to Sales Expense for $48.
• D)debit to Credit Card Discount Expense for $48.

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Definitions:

Political Campaigns

Organized efforts to influence the decision-making process within a specific group, often related to elections.

Federal Employees

Workers who are employed by the federal government of a country, undertaking tasks and responsibilities dictated by governmental agencies.

Independent Regulatory Agency

A federal agency created to enforce and regulate laws in specific sectors, operating independently from the executive branch.

Executive Branch

The branch of government responsible for implementing and enforcing laws, headed by the president and including the cabinet and other officials.