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2. A company sells $5,000 of merchandise to customers who pay using VISA credit cards. VISA charges a merchant fee of 3 percent. a.a. How

2. A company sells $5,000 of merchandise to customers who pay using VISA credit cards. VISA charges a merchant fee of 3 percent. a.a. How much cash will the company receive from these sales? b. What is the companys net revenue from these sales? c. What expense does the company record?

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