Consider these transactions: $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

$($a$)$ Whispering Winds Restaurant accepted a Visa card in payment of a $$200$ lunch bill. The bank charges a $2\%$ fee. What entry should Whispering Winds make?

$($b$)$ Ayayai Company sold its accounts receivable of $$86,000.$ What entry should Ayayai make, given a service charge of $3\%$ on the amount of receivables sold?

$($a$)$

Account Titles and Explanation

Debit

Credit

$($b$)$