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Journalize the following Credit Card transaction: On April 25th we recorded $5,000 of sales (cost was $2,800) to customers using a VISA bank credit card.

Journalize the following Credit Card transaction: On April 25th we recorded $5,000 of sales (cost was $2,800) to customers using a VISA bank credit card. VISA charges us, the retailer, 3% for credit card transactions. (4 marks)

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