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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $300 lunch bill. The bank charges a 4% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $59,400. What entry should Larkspur make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b) Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Crane Company accepted a Visa card in payment of a $300 lunch bill. The bank charges a 4% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $59,400. What entry should Larkspur make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b)
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