Problem: A customer used a credit card to pay for $400 of services. The credit card company charged 2.5% for its services. How much did the company record as a deposit to its checking account as result of the sales transaction? a. $400.00 b. $410.00 c. $390.00 d. $388.00

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Problem Details

A customer used a credit card to pay for $400 of services. The credit card company charged 2.5% for its services. How much did the company record as a deposit to its checking account as result of the sales transaction?

a. $400.00

b. $410.00

c. $390.00

d. $388.00

Frequently Asked Questions

What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Accounts Receivable Factoring and Credit Card Sales concept. If you need more Accounts Receivable Factoring and Credit Card Sales practice, you can also practice Accounts Receivable Factoring and Credit Card Sales practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofA customer used a credit card to pay for $400 of services. T...as low difficulty.