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Luna Company accepted credit cards in payment for $6,800 of services performed during July 2018. The credit card company charged Luna a 2.30 percent service fee; it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July? (Do not round intermediate values. Round final answer to 2 decimal places.) Net income

Luna Company accepted credit cards in payment for $6,800 of services performed during July 2018. The credit card company charged Luna a 2.30 percent service fee; it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July? (Do not round intermediate values. Round final answer to 2 decimal places.) Net income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer full question. Round the final answer to 2 decimal points.
7 Luna Company accepted credit cards in payment for $6,800 of services performed during July 2018. The credit card company charged Luna a 2.30 percent service fee; it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July? (Do not round intermediate values. Round final answer to 2 decimal places.) ats Net income еВook
Transcribed Image Text:7 Luna Company accepted credit cards in payment for $6,800 of services performed during July 2018. The credit card company charged Luna a 2.30 percent service fee; it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July? (Do not round intermediate values. Round final answer to 2 decimal places.) ats Net income еВook
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