Multiple Choice
Sellers allow customers to use credit cards:
A) To avoid having to evaluate a customer's credit standing for each sale.
B) To lessen the risk of extending credit to customers who cannot pay.
C) To speed up receipt of cash from the credit sale.
D) To increase total sales volume.
E) All of these.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: Tecom had net sales of $315,000 and
Q35: The use of an allowance for bad
Q36: If a credit card sale is made,
Q37: A payee of a note usually honors
Q38: Teller purchased merchandise from TechCom on October
Q40: A method of estimating bad debts expense
Q41: A company has $90,000 in outstanding accounts
Q42: Hankco accepts all major bank credit cards,
Q43: A company has $90,000 in outstanding accounts
Q44: Prepare general journal entries for the following