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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

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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 revenue by $9, 700. increase assets by $10,000. increase Retained Earnings by $9, 700. increase net income by $10,000

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