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Problem 2-1 Complete calcu 8) Strom Inc. provided interior design...

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Accounting

Problem 2-1
Complete
calcu
8) Strom Inc. provided interior design services for $170,000 to customers using debit cards. Assume the bank charges 0.5% for all debit card transactions. Which of the following is correct?
A) Strom Inc. would have Debit Card expenses in the amount of $850 and Service Revenue of
$169,150
B) Strom Inc. would have Debit Card expenses in the amount of $850 and Service Revenue of
$170,000 Strom Inc. would have an increase in Cash of $169,150 and Service Revenue of $169,150
C)
D) Strom Inc. would have an increase in Cash of $170,000 and Service Revenue of $169,150
E) None of the choices are correct

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