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Your Company accepted credit cards to pay for $50,000 of services provided to customers. The credit card company charges a 5% service charge. This transaction
Your Company accepted credit cards to pay for $50,000 of services provided to customers. The credit card company charges a 5% service charge. This transaction would o decrease liabilities by $2,500 o increase cash by $50,000. increase Accounts Receivable by $50,000. decrease expenses by $2,500. o increase Retained Earnings by $47,500
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