Question

Which list includes the most important factors to consider when opening a savings account? O The fees, the interest rates, and the minimum deposit to open the account O The fees, the interest rates, and the bank's brand recognition O The fees, which bank your friend uses, and the minimum deposit to open the account O The fees, which bank your friend uses, and the bank's brand recognition ​

Answer 1

Answer: Based on the sales made by Micro Sales on bank credit cards, the journal entries would be:

Date Account Title Debit Credit

March 4 Cash $13,095

Card Service expense $ 405

Sales Revenue $13,500

How is the transaction by Micro Sales recorded?

The cash account will be debited with:

= 13,500 x (1 - 3%)

= $13,095

The Card service expense is:

= 13,500 x 3%

= $405

Sales revenue will be credited by the amount of sales which is $13,500.

Explanation:

Answer 2

The fees, the interest rates, and the minimum deposit to open the account