Under the Net Method of Handling Credit and Debit Card

Multiple Choice

Under the net method of handling credit and debit card payments,the ________.

A) net amount of the sale is credited to the Sales Revenue account on the date of sale
B) credit to the sales revenue is selling price less the transaction fee
C) business writes a check to the third-party processor for the processing fee
D) processing fee is debited to the Credit Card Expense account on the date of sale