Cassell company accepted credit cards in payment for 8650, Accounting Basics

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Cassell company accepted credit cards in payment for 8650

1. Cassell Company accepted credit cards in payment for $8,650 of services performed during March 2014. The credit card company charged Cassell a 4 percent service fee. The credit card company paid Cassell as soon as it received the invoices. Cost of goods sold amounted to $3,800.

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Accounting Basics: Cassell company accepted credit cards in payment for 8650

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