Question

Dear student, only one question is allowed at a time. I am answering the first question

Since the payments are received immediately from credit card company, there is no question of accounts receivable

Total Sales value = \$580

Service charge percentage = 4%

Credit card expenses = Total Sales Value x Service Charge percentage

= \$580 x 4%

= \$23.20

Net amount received from credit card company

= Total sales value – Credit card expenses

= \$580 - \$23.20

= \$556.8

The Journal entry will be as follows

 Date Particulars Amount Dr Amount Cr xxxx Cash or Bank 556.8 Credit card expenses 23.2 Sales 580 ( Being sales made through card )

So, as per above discussion, option D is the correct option

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