Natural Beauty Supply accepts Discover cards from its customers assignment help

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Natural Beauty Supply accepts​ Discover® cards from its customers. Discover charges

Natural1.2​% of sales for its services. During the​ 2009-2010 fiscal​ year, Natural​’s customers used Discover cards to purchase $80,000 worth of merchandise.

How much did Natural show as sales on the income statement for the year ended June​ 30, 2010?

How much cash did Natural actually receive from these​ sales?

Begin by selecting the formula used to calculate the cash received. Then enter the amounts to calculate the cash received.

? – ? = Cash received.

 
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