Presented below are two independent transactions. (a) Si Charles Restaurant accepted a VISA card in payment oi
Question:
Presented below are two independent transactions.
(a) Si Charles Restaurant accepted a VISA card in payment oi a $200 lunch bill. The bank charges ;i 4",. fee. What entry should St. Charles make'.'
(I>) Marge Company sold its accounts receivable of $N().(XX). What entry should Marge make.
given .i service charge of 3% on the amount of receivables sold?
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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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