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3. XYZ Company records credit card sales using the Net Method. The company had $20,000 in credit card sales for the month, and are charged
3. XYZ Company records credit card sales using the Net Method. The company had $20,000 in credit card sales for the month, and are charged a 3% processing fee. Below, journalize the credit card sales for the month. How are credit card transactions treated differently when using the Gross Method (use complete sentences)? (4pts)
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