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Robin Corporation accepted credit cards for $34,200 of services performed in October 2011.The credit card company charged a 3% service fee and paid Robin as soon as it received the credit card receipts.
a) Prepare the general journal entry to record performance of the services.
b) Prepare the general journal entry for collection of the receivable from the credit card company.
What is implication of applying accounting concepts wrongly.
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What would be the effect on the balance sheet if adjustments (a) and (f) were omitted at the end of the year?k question #Minimum 100 words accepted#
WHAT IS THE MODERN ACCOUNTING TECHNIQUES.
I am unable to solve out this question. Can anyone suggest me how to solve this question.
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