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20. Kiwi Company has an agreement with a major credit card company which calls for cash to be received ten days upon deposit of Kiwi
20. Kiwi Company has an agreement with a major credit card company which calls for cash to be received ten days upon deposit of Kiwi customers' credit card sales receipts. The credit card company receives 3% of card sales as its fee. If Kiwi has $6,000 in credit card sales, show the journal entries to record the sales, and receipt of customer's payment. 4 pts. Journal Date Accounts Dr. Cr
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