Question: Smart Touch Learning sold merchandise to Jules Electronics for $5,500 and accepted a credit card for payment. The processor charges a 5% fee and Smart

Smart Touch Learning sold merchandise to Jules Electronics for $5,500 and accepted a credit card for payment. The processor charges a 5% fee and Smart Touch Learning uses the net method to record these fees. Which of the following would be included in the journal entry to record thistransaction?

DebitCash, $5,500

Debit Credit CardExpense, $275

Credit SalesRevenue, $5,225

Debit AccountsReceivable,

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