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When recording credit card or debit card sales using the net method, -Cash received equals sales. -cash received equals sales minus the fee assessed by

When recording credit card or debit card sales using the net method,

  • -Cash received equals sales.
  • -cash received equals sales minus the fee assessed by the card processing company.
  • -cash received equals sales plus the fee assessed by the card processing company.
  • -cash isn’t received by the seller until the customer pays his or her credit card statement.

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