Select all that apply P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposited in the seller's bank account. Master Card charges a 4% fee. The journal entry to record this sales transaction would include a: (Check all that apply). Multiple select question. debit to Credit Card Expense for $20. debit to Cash for $485. credit to Accounts Receivable for $500. credit to Sales for $500. credit to Credit Card Expense for $20. debit to Cash for $480.

Debit to Cash for 480 Debit to Credit Card Expense for 20 Credit to sales for 500 is the correct answer.

Explanation:

See below

Explanation:

Option of whether Pine street Inc. should sell unfinished book cases

Sales per unit

$59

Less:

Variable cost per unit

$37

Contribution per unit

$22

Less:

Fixed cost

$10

Operating profit

$10.

Option of whether Pine street inc. should sell finished book cases

Sales per unit

$75

Less :

Variable cost per unit

$8

Contribution per unit

$67

Less :

Fixed cost

$10

Operating profit

$57

Therefore, it is recommended that Pine street inc. should sell finished book cases because that would yield the highest operating profit.