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Caleb's Cantina Purchases $5,000 of Craft Beer from Talking Donkey

Question 81

Essay

Caleb's Cantina purchases $5,000 of craft beer from Talking Donkey Brews using the company's Visa First Bank Card. First Bank charges a service fee of 3%. Prepare the entry to record this transaction on Talking Donkey Brews' books.

Correct Answer:

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Debit to Cash, $5,000 - (3% blured image $...

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