A Retailer Accepted Visa Charge Sales Totaling $1,000 and Deposited

question 83

Multiple Choice

A retailer accepted Visa charge sales totaling $1,000 and deposited the charge slips in the bank.Assuming a credit card discount expense of 4 percent,what would be the increase to Cash and the increase to Sales,respectively?

• A)$1,000 and $960
• B)$960 and $1,000
• C)$960 and $960
• D)$1,000 and $1,000

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Definitions:

Kant

Immanuel Kant, an influential German philosopher in the 18th century, known for his critical philosophy in epistemology, ethics, and aesthetics.

Constituted

Formed or made up from certain parts or elements; established or created in a specified manner or composition.

Categories

Fundamental classes or divisions used to organize concepts, objects, or experiences, especially in philosophy and logic.

Immanuel Kant

A pivotal figure in the history of philosophy, whose comprehensive and systematic work in epistemology, ethics, and aesthetics greatly influenced all subsequent philosophy, particularly the various schools of Kantianism and Idealism.