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(a) Pronghorn Restaurant accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should Pronghorn make?

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(a) Pronghorn Restaurant accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should Pronghorn make? (b) Culver Company sold its accounts receivable of $77,000. What entry should Culver make, given a service charge of 1% on the amount of receivables sold? Account Titles and Explanation Debit Credit (a) (b)

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