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Ace Incorporated paid credit card processing fees of $9,000 on October 30. The Journal Entry...

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Question

Accounting

Ace Incorporated paid credit card processing fees of $9,000 on October 30. The Journal Entry for this business transaction is:

OCT 30

Cash 9,000

Credit Card Expense 9,000

To record service charges on

credit sales fo the month

Group of answer choices

True or False

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