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Falon Company accepted a credit card account receivable in exchange for $50,000 of services provided to a customer

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Falon Company accepted a credit card account receivable in exchange for $50,000 of services provided to a customer. The credit card company charges a 3% service charge. Recording the service revenue and the service charge would:

A) Decrease expenses by $1,500,

B) Increase assets by $50,000,

C) Increase assets by $48,500,

D) Decrease expenses by $1,500 and increase assets by $48,500.

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