How to record the credit card sales, Accounting Basics

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How to record the credit card sales

Response to the following problem:

Kasey's Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were on bank credit cards. The credit card company charges a 3.5% collection fee. Prepare Kasey's journal entry to record the credit card sales.

Support your answer using a minimum of two professional or academic sources.

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Accounting Basics: How to record the credit card sales

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Accounting Basics: How to record the credit card sales

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