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.
Required
Based on this information alone, what is the amount of net income earned during the month of July?
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Credit card expenseSales 6000 x ...View the full answer
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Diane Joyce Pastorin
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Related Book For 
Introductory Financial Accounting For Business
ISBN: 9781260575309
2nd Edition
Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds
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