Elliston Company accepted credit card payments for $10,000 of services provided to customers. The credit...

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Accounting

Elliston Company accepted credit card payments for $10,000 of services provided to customers. The credit card
company charges a 3% service charge. This transaction would increase:
Multiple Choice
net income by $10,000.
assets by $10,000.
Retained Earnings by $9,700.
revenue by $9,700.
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