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help asap A Retailer sold a $5,000 piece of jewelry to a customer. The customer used their VISA card to pay for the purchase. VISA
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A Retailer sold a $5,000 piece of jewelry to a customer. The customer used their VISA card to pay for the purchase. VISA charges the Retailer a 2.5% fee for the use of its credit card and deposits the cash to the Retailer immediately. The journal entry to record this sale would include a... Debit to Cash of \$4,875, a debit to Credit Card Expense of $125, and a credit to Sales of $5,000. Debit to Cash of $5,000 and a credit to Sales of $5,000. Debit to Cash of $4,875 and a credit to Sales of $4,875,$41,710. Debit to Cash of $5,000 and a credit to Accounts Receivable of $5,000. Debit to Cash of $5,000 and a credit to Accounts Receivable of \$5,000 Step by Step Solution
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