Kromer Company receives cash immediately from its credit card sales. The credit card company charges 3% of card sales as its fee. If credit card sales are $10,000, which of the following statements are true?
A) Kromer Company debits Accounts Receivable - Credit Card Co $9,700.
B) Kromer Company debits Cash $10,000.
C) Kromer Company debits Cash $9,700.
D) Kromer Company debits Accounts Receivable - Credit Card Co $10,000.
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