a$.$ Tony's Restaurant accepted a Visa card in payment of a $$200$ lunch bill. The bank charges a $2\%$ fee. What entry should Tony's make?

b$.$ Ayayai Company sold its accounts receivable of $$81,000.$ What entry should Ayayai make, given a service charge of $2\%$ on the amount of receivables sold?

Account Titles and Explanation

Debit

Credit

a$.$ Cash

$196$

Service Charge Expensea. Tony's Restaurant accepted a Visa card in payment of a $$200$ lunch bill. The bank charges a $2\%$ fee. What entry should Tony's make?

b$.$ Ayayai Company sold its accounts receivable of $$81,000.$ What entry should Ayayai make, given a service charge of $2\%$ on the amount of receivables sold?

Account Titles and Explanation

Debit

Credit

a$.$ Cash

$196$

Service Charge Expense