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please answer :) a) ABC Company sells merchandise inventory (ignore Cost Of Goods Sold) to a customer for $1.000. The customer pays with a third-party
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a) ABC Company sells merchandise inventory (ignore Cost Of Goods Sold) to a customer for $1.000. The customer pays with a third-party credit card and the card processor charges a 2% fee and deposits the net amount Record the transaction Date Accounts and Explanation Debit Credit In MyLab Accounting, complete Try It! and S-F:7-6. L06. How can the bank account be used as a control device? a) What is the adjusted bank balance given the following information: Ending balance according to the bank records is $10,000, outstanding checks are $3.000 and a deposit in transit is $2,000 Show your work b) What is the adjusted book balance given the following information Ending balance according to the company s cash account is $9.000 interest revenue carned on bank balance is $50 bank service charge of $30 EFT for payment of utility bill of S100, and NSF check of $40. Show your work Step by Step Solution
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