Decision maker
Entrepreneur
As a small retailer,you are considering allowing customers to buy merchandise using credit card. Untill now,your store accepted only cash and check.
Quick check
1.in recording credit card sales,when do you debit Accounts receivable and when do you debit cash?
2.a company accumulates sales receipts and remits them to the credit card company forpayment.when are the credit card expenses recorded?when are these expenses incurred?