A company accepted a customer's Visa card as payment for $600 of merchandise it sold...
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Accounting
A company accepted a customer's Visa card as payment for $600 of merchandise it sold to the customer. The bank that issued the credit card charges a 2% credit card fee. The company's journal entry to record this transaction will include a credit to Sales Revenue for $588. credit to Cash of $588. O debit to Service Charge Expense of $12. O credit to Service Charge Expense of $12. debit to Cash of $600
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