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Question $16$

$1$ pts

On January $1,$ ABC Company provided $$20,000$ of services. The customers paid for the services with credit cards. ABC submitted the credit card receipts to the credit card company on January $5.$ The credit card company charged ABC a $10\%$ service charge. On January $12,$ ABC received the cash from the credit card company.

On January $1,$ which one of the following is the appropriate debit?

Accounts Receivable $20,000$ and Credit Card Expense $2,000$

Cash $20,000$

Accounts Receivable $20,000$

Accounts Receivable $18,000$ and Credit Card Expense $2,000$