Question
Asked Sep 7, 2019
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4
3
2
1
Sold $5,300 of merchandise on an assortment of bank credit cards. These
cards charge a 4% fee.
Note: Enter debits before credits.
Debit
General Journal
Credit
Transaction
2-a.
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4 3 2 1 Sold $5,300 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits. Debit General Journal Credit Transaction 2-a.

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Expert Answer

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The cost of goods sold implies that part of inventory which has been sold off. Hence, when sales is made, apart from sale...

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