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What would be the increase to Cash and the increase to Sales

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Question - A retailer accepted Visa charge sales totaling $1,000 and deposited the charge slips in the bank. Assuming a credit card discount expense of 4 percent, what would be the increase to Cash and the increase to Sales, respectively?

A. $1,000 and $960

B. $960 and $1,000

C. $960 and $960

D. $1,000 and $1,000

Reference no: EM132497212

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