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If a company accepts credit cards, they must record the expense on their books. Please prepare the journal entries for the following scenario: Company A
If a company accepts credit cards, they must record the expense on their books. Please prepare the journal entries for the following scenario: Company A sells S480,000 on credit card sales. The credit card charges a 4.5% fee for the use of the card. The card company also deposits the cash into the company's bank account the same night as the credit cards are accepted
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