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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
When the credit card processor deposits the gross proceeds from credit and debit card sales ________.
A) the total sales less the processing fee assessed equals the net amount of cash deposited
B) the deposit is made on the last day of the month
C) there will be no fee charged for the transaction
D) the processing fees are deducted from the company's bank account by the processor
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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8 years ago
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H3Ko Author
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#2
8 years ago
I just realized you had posted this! Thanks so much
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#3
3 years ago
thank you
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