Business, 07.04.2020 01:39, gabbycasey102

G Elliston Company accepted credit card payments for $10,000 of services provided to customers. The credit card company charges a 3% fee for handling the transaction. Which of the following describes the effect of this transaction:

A. increase revenue by $9,700.
B. increase assets by $10,000.
C. increase Retained Earnings by $9, 700.
D. increase net income by $10,000.

Answers: 2

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G Elliston Company accepted credit card payments for $10,000 of services provided to customers. The...