7.6-*PLEASE ANSWER ALL 5 QUESTIONS*

5 multiple choice questions.

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the collection of cash from the credit card company will affect Beacon's financial statements. to record the sale would affect Alberta's financial statements. :ompany charges a fee of 3% for handling a credit card transaction. Which of the following correctly shows the effects of the sale on July 7 ? Many businesses find it more efficient to offer credit directly to customers rather than to accept third-party credit cards. True or False intry to recognize the event would affect Barron's financial statements. Multiple Choice Assets will increase by $2,280. Revenue will increase by $2,400. Expenses will increase by $120. All of the answers describe effects that will occur as a result of recognizing this event