Journalize the following transactions (assume a perpetual inventory system): Oct. 1 Recorded sales of $14,000 (cost $8,000)

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Journalize the following transactions (assume a perpetual inventory system):
Oct. 1 Recorded sales of $14,000 (cost $8,000) to customers using debit cards.
Assume the bank charges 0.25% for all debit card transactions.
7 Sold merchandise to customers who paid $3,500 in cash (cost $2,800)
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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