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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Sarasota Restaurant accepted a Visa card
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Sarasota Restaurant accepted a Visa card in payment of a $350 lunch bill. The bank charges a 2% fee. What entry should Sarasota make? (b) Bridgeport Company sold its accounts receivable of $83,000. What entry should Bridgeport make, given a service charge of 3% on the amount of receivables sold?
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
