A customer makes a $1,500 purchase at ApplianceWorld, paying with a credit card. ApplianceWorld is charged a 2% fee by the credit card company. When recording this sale, ApplianceWorld would.

Debit Cash $1,470

Debit  Expense - Credit card fee $30

Credit  Sales revenue - $1,500

Explanation:

The sales revenue for Appliance world will be $1,500 as this is the gross sale made at point of sale.

The fee charged by credit card company is the expense for ApplianceWorld:

The fee would be charged at the purchase made by the customer i.e. $1,500×2% = $30

The cash that would be recovered to ApplianceWolrd will be $1,500 - $30 =  $1,470 (net of the credit card fee).

Journal entry

Debit (increase) Cash $1,470

Debit (increase) Expense - Credit card fee $30

Credit (increase) sales revenue - $1,500

what

explanation:

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy