Multiple Choice
A retailer accepted Visa charge sales totaling $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) $500 and $480
B) $480 and $500
C) $480 and $480
D) $500 and $500
Correct Answer:
Verified
Correct Answer:
Verified
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