If bankcard fees are automatically deducted from the checking account of a business, how will the bookkeeper

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If bankcard fees are automatically deducted from the checking account of a business, how will the bookkeeper journalize the fee?

a. Capital account is increased by the amount of the fee.

b. Cash account is increased by the amount of the fee.

c. Bank Card Fees Expense is increased by the amount of the fee and Cash is decreased.

d. Cash account is increased by the amount of the fee and Bank Card Fees Expense is decreased.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 13, 2022 01:36 AM

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If bankcard fees are automatically deducted from the checking account of a business, how will the bookkeeper

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Glencoe Accounting First Year Course

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