Rose, Inc, a retailer, accepts payment through credit cards. During July, credit card sales amounted to $110,000. The processor charges a 31 fee. What is the correct journal entry or entries for credit card sales using the net method? OA Accounts Receivable 110,000 Sales Revenue 110,000 Credit Card Expense 3,300 Cash 3,300 OB. Accounts Receivable 106,700 Credit Card Expense 3.300 Sales Revenue 110,000 OC Cash 106,700 Credit Card Expense 3,300 Sales Revenue 110,000 O Cash 110.000 Sales Revenue 110,000 Credit Card Expense 3.300 Cash 3,300 0 The data of Graham Brothers Corp. for two years are given below 2024 2025 Cash and cash equivalents 55,100 $12.000 Total current liabilities 21,000 35.000 Based on the above information, which of the following statements is true? O Cash ratio has increased from 0.243 in 2024 to 0.343 in 2025 OB. Cash ratio has increased from 0.05 in 2024 to 0.08 in 2025. OC Cash ratio has increased from 0.02 in 2024 to 0.03 in 2025. OD. Cash ratio has increased from 0.343 in 2024 to 0.243 in 2025