McGregor Company Allows Customers to Pay with Credit Cards

question 139

Multiple Choice

McGregor Company allows customers to pay with credit cards.The credit card company charges McGregor 3% of the sale.When a customer uses a credit card to pay McGregor $200 for services provided,McGregor would:

• A)Debit Cash for $200.
• B)Credit Service Revenue for $194.
• C)Debit Service Fee Expense for $6.
• D)Credit Service Revenue for $206.

---

Definitions:

Superego

In Freudian psychoanalysis, the part of the personality that represents internalized societal norms and morals, and is responsible for feelings of guilt and the striving for perfection.

Neo-Freudians

Psychologists who were influenced by Freud's theories but developed their own theories that differed in significant ways, often emphasizing social and cultural factors.

Controlled Experiments

Experimental designs in which researchers manipulate one variable to determine if it causes an effect on another variable, while all other variables are kept constant.

Patient Histories

These are comprehensive records of a patient's medical background, symptoms, previous treatments, and other health-related information, critical for diagnosis and treatment plans.