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1. Sara Beauty Supply accepts Discover Cards from its customers. Discover charges Sara 3.6% of sales for services. During the 2009-2010 fiscal year customers used

1. Sara Beauty Supply accepts Discover Cards from its customers. Discover charges Sara 3.6% of sales for services. During the 2009-2010 fiscal year customers used Discover Cards to purchase $ 85,000 worth of merchandise. How much did Sara show as sales on its Income Statement for the year end of June 30, 2010 ? How much cash did Sara actually receive from these sales ?

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