Luna Company accepted credit cards in payment for $6,000 of services performed during July. The credit card

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Luna Company accepted credit cards in payment for $6,000 of services performed during July. The credit card company charged Luna a 4 percent service fee; it paid Luna as soon as it received the invoices.

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Based on this information alone, what is the amount of net income earned during the month of July?

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Survey Of Accounting

ISBN: 9781260575293

6th Edition

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds

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Question Posted: Dec 01, 2020 05:34 AM

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Luna Company accepted credit cards in payment for $6,000 of services performed during July. The credit card

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Credit card expenseSales 6000 ...View the full answer

Survey Of Accounting

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