menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 10
  4. Exam
    Exam 5: Short-Term Investments Receivables
  5. Question
    If Extol's Inc
Solved

If Extol's Inc

Question 186

Question 186

Multiple Choice

If Extol's Inc. sells items to a customer who uses a credit card for $800, and there is a credit card fee of 2%, what is the amount of the debit to Cash?


A) $816
B) $800
C) $784
D) $768

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: If Abby,Inc.sells items to a customer who

Q181: Selling accounts receivable typically:<br>A) decreases assets and

Q182: The balance in Accounts Receivable was $650,000

Q183: The purpose of owning trading securities is

Q184: The Last Bank lends money to a

Q185: ABC Company has shipped goods to one

Q187: A business offers credit terms of 1/15,

Q188: If the current ratio is 3.2, and

Q190: Which of the following is a correct

Q191: Another term for short-term investments is held-to-maturity

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines