Jung Company accepted credit cards in payment for $8,650 of services performed during March, Year 1. The
Question:
Jung Company accepted credit cards in payment for $8,650 of services performed during March, Year 1. The credit card company charged Jung a 4 percent service fee. The credit card company paid Jung 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 March?
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Credit card expense Sales 8650 ...View the full answer
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Related Book For 
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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