A Retailer Accepted Visa Charge Sales Totaling $1,500 and Deposited

Multiple Choice

A retailer accepted Visa charge sales totaling $1,500 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) $1,500 and $1,440
B) $1,440 and $1,500
C) $1,440 and $1,440
D) $1,500 and $1,500