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Jim's Music Store made sales on account totaling $500 to customers using bank credit cards. The bank credit card company charges a 2% discount fee.
Jim's Music Store made sales on account totaling $500 to customers using bank credit cards. The bank credit card company charges a 2% discount fee. There is no sales tax. True or false: Jim's Music Store would record the sales made to customers using bank credit cards by debiting Cash for $510, crediting Credit Card Expense for $10, and crediting Sales for $500
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