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What amounts should be recorded for the accounts

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Problem 1: Alpha Company sells goods to customers who use Worldwide Express nonbank credit cards. Credit card sales on July 15, 2016 amounted to $25,000 and were subject to a 3.5% credit card company collection fee. Alpha Company collected payment from Worldwide Express on July 21. What amounts should be recorded for the accounts for the July 21 collection?

Option 1: Cash

Option 2: Sales

Option 3: Service Charge

Option 4: Accounts Receivable

Reference no: EM132641099

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