Question
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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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
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