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Which of the following transactions does not affect gross profit? Multiple Choice The...

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Question

Accounting

Which of the following transactions does not affect gross profit?

Multiple Choice

The journal entry to record bad debt expense.

A customer returning merchandise that was sold for a profit.

Accepting a credit card for a sale and paying a service fee to the credit card company.

The collection of cash on an account receivable, which was paid for by the customer within the discount period.

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