Question: Executive Air Travel Inc accepts cash or credit card payment

Executive Air Travel, Inc., accepts cash or credit card payment from customers. During May, Executive provided $200,000 worth of flight tickets to customers who used a Visa card to pay for their trips. Visa charges Executive 2% of ticket sales for card services. Use the accounting equation to show how Executive will record these ticket sales. Why would Executive accept Visa cards?

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  • CreatedSeptember 01, 2014
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