When recording credit card or debit card sales using the net method,
a.) cash received equals sales.
b.) cash received equals sales minus the fee assessed by the card processing company.
c.) cash received equals sales plus the fee assessed by the card processing company.
d.) cash isn't received by the seller until the customer pays his or her credit card statement.
Ans: b.) cash received equals sales minus the fee assessed by the card processing company.
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