Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The

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Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The credit card company charges a 4% handling charge for its collection services. Based on this information

Multiple Choice

A. Zane will collect $500 cash from the credit card company.

B. Zane will pay the credit card company $500 cash

C. Zane will collect $480 cash from the credit card company.

D. Zane will pay the credit card company $480 cash.

Related Book For answer-question

Business Data Networks and Security

ISBN: 978-0134817125

11th Edition

Authors: Raymond R. Panko, Julia L. Panko

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Posted Date: Sep 24, 2019 02:20 PM

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Zane Enterprises accepts a credit card as payment for $500 of services provided to a customer. The

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The correct answer is C The journal entry for the transaction in Zanes accounting records ... View the full answer

Business Data Networks and Security

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