The Candle Corporation has recently begun to accept credit cards. On July 7, Candle made...
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Accounting
The Candle Corporation has recently begun to accept credit cards. On July Candle made a credit card sale of $ Assume that the credit card fee is recorded on the date of sale and that the credit card company charges a fee of
Which of the following correctly shows the effects of the sale on July
Balance Sheet
Assets Liabilities Income Statement
Statement of Cash Flows
A
B OA
C na
D
C
A
B
D
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