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Versa Training Services provides instruction on how to pass the events pertain to a new course that was recently established by Versa. Versa accepted credit
Versa Training Services provides instruction on how to pass the events pertain to a new course that was recently established by Versa. Versa accepted credit card payments for $8,000 of instructional services it provided to CPA exam candidates. The credit card company charged Versa a 5% service fee. Versa collected the receivable due from the credit card company. Required a. Record the events in T-accounts, including closing the revenue and expense accounts to retained earnings b. Record the events using the horizontal financial statements model under the titles of the affected accounts. Record the initials "NA" under each heading not affected by the event. Compare the final balances in the T-accounts from Requirement a with the ending balances in the
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