Maple Woodworking accepts credit cards at its store. Maples credit card processor charges a fee of 2%
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Maple Woodworking accepts credit cards at its store. Maple’s credit card processor charges a fee of 2% of the total amount of any credit sale. Assume that Ralph Stone purchases $9,000 of custom furniture and pays with a VISA card. Make the entry that Maple would make to record the sale to Stone. (You do not need to make the cost of goods sold entry in this exercise.)
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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