Question
On June 21, Coral Creations Gallery sells a painting to Constance Furrow for $1,500. Constance uses her Visa bank credit card to pay for the
On June 21, Coral Creations Gallery sells a painting to Constance Furrow for $1,500. Constance uses her Visa bank credit card to pay for the purchase. The bank charges Coral Creations a 2.0% fee for all credit card transactions. On July 17, Constance receives her Visa bill and pays for this purchase.
Determine the amount Coral will credit to Revenue (Sales) for the above.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
