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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a)		Draber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Draber make?
(b)		Marin Company sold its accounts receivable of $74,400. What entry should Marin make, given a service charge of 4% on the amount of receivables sold?

No.	Account Titles and Explanation	Debit	Credit
(a)


(b)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91601714

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