McGregor Company Allows Customers to Pay with Credit Cards

question 102

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.

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Definitions:

Distracted Driving

The act of driving while engaging in other activities that divert the driver's attention away from the road, leading to increased risk of accidents.

Traffic Accidents

Incidents on the road involving vehicles, pedestrians, animals, or other objects, which result in damage, injuries, or fatalities.

Mental Alertness

The state of being watchful, fully aware, and ready to respond quickly to stimuli or situations.

Sleep Apnea

A sleep disorder in which breathing repeatedly stops and starts, resulting in poor sleep quality and increased health risks.