Brinker Accepts All Major Bank Credit Cards, Including First Savings

Multiple Choice

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26, Brinker had $4,800 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit?

A) Debit Cash $4,920; credit Credit Card Expense $120; credit Sales $4,800.
B) Debit Accounts Receivable $4,680; debit Credit Card Expense $120; credit Sales $4,800.
C) Debit Accounts Receivable $4,800; credit Sales $4,800.
D) Debit Cash $4,800; credit Sales $4,800.
E) Debit Cash $4,680; debit Credit Card Expense $120; credit Sales $4,800.