Westover Company accepts a credit card as payment for $1,000 of services provided to a customer. The credit card company charges a 4% handling charge for its collection services. Select the answer that shows how the entry to record the event would affect Westover's financial statements. Account TitlesDebitCredit
Cash960
Accounts Receivable – Credit Card Company 960
Account TitlesDebitCredit
Cash1,000
Accounts Receivable – Credit Card Company 1,000
Account TitlesDebitCredit
Accounts Receivable – Credit Card Company960
Cash 960
Account TitlesDebitCredit
Accounts Receivable – Credit Card Company1,000
Cash 1,000