Jervis Accepts All Major Bank Credit Cards,including Those Issued by Northern

Multiple Choice

Jervis accepts all major bank credit cards,including those issued by Northern Bank (NB) ,which assesses a 3% charge on sales for using its card.On June 28,Jervis had $3,500 in NB Card credit sales.What entry should Jervis make on June 28 to record the deposit?

A) Debit Cash $3,500;credit Sales $3,500
B) Debit Accounts Receivable $3,500;credit Sales $3,500
C) Debit Cash $3,605;credit Credit Card Expense $105;credit Sales $3,500
D) Debit Cash $3,395;debit Credit Card Expense $105;credit Sales $3,500
E) Debit Accounts Receivable $3,395;debit Credit Card Expense $105;credit Sales $3,500