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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. Cheyenne Corp. accepted a Visa card in payment
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. Cheyenne Corp. accepted a Visa card in payment of a $2,500 lunch bill. The bank charges a 490 fee, what entry should Cheyenne Corp. make? Novak Corp. sold its accounts receivable of $64,300. What entry should Novak Corp. make, given a service charge of 4% on the amount of receivables sold? (a) No. Account Titles and Explanation Credit
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