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(a) Flounder Restaurant accepted a Visa card in payment of a $175 lunch bill. The bank charges a 4% fee. What entry should Flounder

(a) Flounder Restaurant accepted a Visa card in payment of a $175 lunch bill. The bank charges a 4% fee. What entry should Flounder make? (b) Novak Company sold its accounts receivable of $73,000. What entry should Novak make, given a service charge of 2% on the amount of receivables sold? (b) Account Titles and Explanation Debit Credit

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