Question
Eastland Company regularly sells goods to customers who use American City bank credit cards. Credit card sales on July 8 amounted to $1,000 and were
Eastland Company regularly sells goods to customers who use American City bank
credit cards. Credit card sales on July 8 amounted to $1,000 and were subject to a 2% bank fee. Eastland should record sales of:
A. $980.
B. $998.
C. $1,000.
D. $1,020.
E. None of these.
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Investments Analysis And Management
Authors: Charles P. Jones, Gerald R. Jensen
14th Edition
1119578078, 978-1119578079
