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What are the journal entries for the following? December 12th received a check from Western National Credit Card Company for $7,355.18 as payment in full
What are the journal entries for the following?
December 12th received a check from Western National Credit Card Company for $7,355.18 as payment in full on credit card invoices that had been received through December 1. The invoices for sales made in late November and early December totaled $7,641.75 and Western National charges at 3.75% fee for use of their system.
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