Author Question: Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a ... (Read 128 times)

madam-professor · **on:** Jul 5, 2018

Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a
a. debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales
b. debit to Cash and a credit to Sales
c. debit to Cash, credit to Credit Card Expense, and a credit to Sales
d. debit to Sales, debit to Credit Card Expense, and a credit to Cash

Question 2

Supplies on the balance sheet equals the amount of supplies used up during a period.

Indicate whether the statement is true or false