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If a Company Recorded a $5,500 Credit Card Transaction and the Credit

Question 14

Multiple Choice

If a company recorded a $5,500 credit card transaction and the credit card discount was 4%,what is the correct entry to accounts receivable?

A) Dr.Accounts Receivable $5,720
B) Dr.Accounts Receivable $5,280
C) Cr.Accounts Receivable $5,720
D) Cr.Accounts Receivable $5,280

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