Alpha Company sells goods to customers who use Worldwide Express nonbank c
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 following accounts for the July 21 collection?
-Cash
-Sales
-Service Charge
-Accounts Receivable
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