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Elliston Company accepted credit card payments for $ 1 0 , 0 0 0 of services provided to customers. The credit card company charges a

Elliston Company accepted credit card payments for $

10, 000

of services provided to customers. The credit card

company charges a

3 %

service charge. This transaction would increase:

Multiple Choice

net income by $

10, 000 .

assets by $

10, 000 .

Retained Earnings by $

9, 700 .

revenue by $

9, 700 .

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