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BE8-11 Consider these transactions: (a) Galvao Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What

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BE8-11 Consider these transactions: (a) Galvao Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Galvao make? (b) Stone Company sold its accounts receivable of $65,000. What entry should Stone make, given a service charge of 3% on the amount of receivables sold

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