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(a) Cullumber Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 2% fee. What entry should Cullumber make?

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(a) Cullumber Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 2% fee. What entry should Cullumber make? (b) Marin Inc. sold its accounts receivable of $64,300. What entry should Marin make, given a service charge of 2% on the amount of receivables sold

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