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Wilds flowers sells 400 of flowers for a wedding and the

Wild's Flowers sells $400 of flowers for a wedding and the customer pays with a bank credit card (e.g., VISA). Wild's Flowers must pay 3% to the credit card company for credit card transactions. Which one of the following statement is correct (true) with respect to the recording of this sale on the books of Wild's Flowers?

a) Sales is debited $400

b) Sales is credited $388.

c) Credit Card Discounts is debited $12.

d) Sales Discounts is debited $12.

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Accounting Basics: Wilds flowers sells 400 of flowers for a wedding and the

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Accounting Basics: Wilds flowers sells 400 of flowers for a wedding and the

Reference No:- TGS0598150

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Wilds flowers sells 400 of flowers for a wedding and the

Reference No:- TGS0598150

Recent Questions Asked Accounting Basics

Q : Find intrinsic value by discounting each annual dividend by

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