Which of the Following Transactions Does Not Affect Gross Profit

Multiple Choice

Which of the following transactions does not affect gross profit?

A) A customer returning merchandise that was sold for a profit.
B) The collection of cash on an account receivable,which was paid for by the customer within the discount period.
C) The journal entry to record bad debt expense.
D) Accepting a credit card for a sale and paying a service fee to the credit card company.