Which of the following statements about visa credit

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Which of the following statements about Visa credit card sales is incorrect?The retailer receives cash more quickly than it would from individual customers on account.The retailer is not involved in the collection process.
The credit card issuer makes the credit investigation of the customer.Two parties are involved.
On February 1, Kline Company received a $6,000, 10%, four-month note receivable. The cash to be received byKline Company when the note becomes due is
When a note is accepted to settle an open account, Note Receivable is debited for the note’sface value plus interest.
When a note receivable is honored, Cash is debited for the note’sface value.

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