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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry

Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Culver Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 2% fee. What entry should Culver make? (b) (a) (b) Pronghorn Company sold its accounts receivable of $63,000. What entry should Pronghorn make, given a service charge of 2% on the amount of receivables sold? Account Titles and Explanation Debit Credit
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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Culver Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 2% fee. What entry should Culver make? (b) Pronghorn Company sold its accounts receivable of $63,000. What entry should Pronghorn make, given a service charge of 2% on the amount of receivables sold

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