3. Brinker accepts all major bank credit cards, including First Savings Banks, which assesses a 5% charge on sales for using ts card. On May 26, Brviker had $5,500 in First Savings Bank Card creditsales. What entry should Brinker make on May 26 to record the deposit?Multiple ChoiceDebit Cash $5.500, credt Sales $5.500Debit Accounts Receivable $5.225 debit Credit Card Expense $2775 Sa $5.500GDebit Cash $5.225 debia Credit Card Expense $275 credit Sales $5.500Debit Cash $5.775 credit Credit Card Expense $275, credt S$5.500Debit Accounts Receivable $5.500 cred Sees $5.500Help

Given, Sales = $5,500 Credit card charge = 5%

Answered: Brinker accepts all major bank credit…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...

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Brinker accepts all major bank credit cards, including First Savings Bark's, which assesses a 5% charge on sales sales. What entry should Brinker make on May 26 to record the deposk? Muple Choice using ts card On May 26, Briver had $5.500 in First Savings Bank Card credit