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37 of 38 < > -/3 E Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a)

37 of 38 < > -/3 E Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 3% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $64,500. What entry should Larkspur make, given a service charge of 3% on the amount of receivables sold? No. count Titi and Explanation (a) (b) 4102 10 Debit Credit

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