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Jewel Company sold merchandise for $10,000. Payment was made on VISA, bank issued, credit cards. Visa charges Jewel a 3.0% fee and then immediately deposits
Jewel Company sold merchandise for $10,000. Payment was made on VISA, bank issued, credit cards. Visa charges Jewel a 3.0% fee and then immediately deposits the cash in the company's bank account. How will this transaction affect Jewel. (select all that apply)?
Question 3 options:
Increase cash by $9,700 | |
Increase Accounts Receivable by $10,000 | |
Increase sales by $9,700 | |
Increase cash by $10,000 | |
Increase sales by $10,000 |
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