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On November 1,2012,Hardin Company Accepted a Credit Card as Payment

Question 36

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On November 1,2012,Hardin Company accepted a credit card as payment for $2,000 of services rendered to one of its customers.Assume the credit card fee of 3% is recorded on the date of the sale.Show the effect of the sale and credit card fee on Ulmer's financial statements. On November 1,2012,Hardin Company accepted a credit card as payment for $2,000 of services rendered to one of its customers.Assume the credit card fee of 3% is recorded on the date of the sale.Show the effect of the sale and credit card fee on Ulmer's financial statements.

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