Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.Enter only one letter for each element.You do not need to enter amounts.
-On November 1,2016,Gable Company accepted a credit card as payment for $1,500 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 this transaction on Gable's financial statements.
Definitions:
Medical Asepsis
The practices used to reduce and prevent the spread of microorganisms and infection, such as handwashing and sanitization.
Sterile Field
An area created to prevent infection during medical procedures by using sterilized equipment and maintaining a clean environment.
Bacteriostasis
The inhibition of the growth and multiplication of bacteria without killing them.
Latex Allergy
An allergic reaction to certain proteins found in natural rubber latex, often leading to symptoms ranging from skin irritation to anaphylaxis.
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