Speed Wear Bicycle Gear accepts VISA credit cards from its customers. Speed Wear is closed on Sundays and on that day records the weekly sales and remits the credit card drafts to VISA. For the week ending on Sunday, April 12, cash sales totaled $3,650 and credit card sales amounted to $3,900. On April 15, Speed Wear received
$3,794.70 from VISA as payment for the credit card drafts. Identify the effects on the accounting equation for the April 12 and April 15 transactions. As a percentage, what collection fee is VISA charging Speed Wear?

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The Answer of Speed Wear Bicycle Gear accepts VISA credit cards from its customers. Speed Wear is closed on Sundays and on that day records the weekly sales and remits the credit card drafts to VISA. For the week ending on Sunday, April 12, cash sales totaled $3,650 and credit card sales amounted to $3,900. On April 15, Speed Wear received
$3,794.70 from VISA as payment for the credit card drafts. Identify the effects on the accounting equation for the April 12 and April 15 transactions. As a percentage, what collection fee is VISA charging Speed Wear?

Speed Wear Bicycle Gear Accepts VISA Credit Cards from Its