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Nafooz Company pays a 2% credit card fee on all credit sales, and receives a cash deposit immediately following each credit card transaction. If credit

Nafooz Company pays a 2% credit card fee on all credit sales, and receives a cash deposit immediately following each credit card transaction. If credit sales for the company total $150,000, what journal entry should be recorded to recognize the receipt of cash and the credit card fee expense? Account To record credit sales and fees Debit Credit

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