When the credit card processor deposits the gross proceeds from credit and debit card sales...

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Accounting

When the credit card processor deposits the gross proceeds from credit and debit card sales ________

the total sales less the processing fee assessed equals the net amount of cash deposited

B.

the processing fees are deducted from the company's bank account by the processor

C.

the deposit is made on the last day of the month

D.

there will be no fee charged for the transaction

.

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