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Provide the journal entry to record the sales

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Question - Rather than providing the financing directly, assume Kate decides to allow the use of credit cards. Further, assume that during the month there is 15,000 worth of credit card sales. Provide the journal entry to record the sales, along with the associated credit card fee. The cost of goods sold is 13,500. The credit card provider charges 2.5% fee.

Reference no: EM132569347

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