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In this tutorial, we are focusing on Exercise 9-1, dealing with credit card sales and recording cash receipts. The key points include recording the receipt of cash with a debit, recording credit card expenses, and recording sales amounts. Calculating the net amount involves subtracting a 4% fee from credit card sales. It is important to also record the cost of sales in a perpetual system. In another transaction on April 12th, credit card sales are recorded with a 2.5% fee but no cash received.
