Question 20 (5 points) Which of the following transactions does not affect gross profit? The journal...

 

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Question 20 (5 points) Which of the following transactions does not affect gross profit? The journal entry to record bad debt expense. An increase in cost of goods sold. A customer returning merchandise that was sold for a profit. The collection of cash on an account receivable, which was paid for by the customer within the discount period. Accepting a credit card for a sale and paying a service fee to the credit card Question 20 (5 points) Which of the following transactions does not affect gross profit? The journal entry to record bad debt expense. An increase in cost of goods sold. A customer returning merchandise that was sold for a profit. The collection of cash on an account receivable, which was paid for by the customer within the discount period. Accepting a credit card for a sale and paying a service fee to the credit card