Business, 14.04.2020 19:30 strodersage
Elliston Company accepted credit card payments for $10,000 of services provided to customers. The credit card company charges a 3% fee for handling the transaction. Which of the following describes the effect of this transaction?
increase revenue by $9, 700.
increase assets by $10,000.
increase Retained Earnings by $9, 700.
increase net income by $10,000.
Answers: 3
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Elliston Company accepted credit card payments for $10,000 of services provided to customers. The cr...
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