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4 of 7 < -/3 E View Policies Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered.

4 of 7 < -/3 E View Policies Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Riverbed Restaurant accepted a Visa card in payment of a $175 lunch bill. The bank charges a 4% fee. What entry should Riverbed make? (b) Concord Company sold its accounts receivable of $81,000. What entry should Concord make, given a service charge of 3% on the amount of receivables sold? (a) Account Titles and Explanation Cash Ban Debit Credit

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