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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) (b) Sandhill Co. accepted a Visa

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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) (b) Sandhill Co. accepted a Visa card in payment of a $350 lunch bill. The bank charges a 2% fee. What entry should Sandhill make? Teal Mountain Inc. sold its accounts receivable of $66,600. What entry should Teal Mountain make, given a service charge of 2% on the amount of receivables sold? No. Account Titles and Explanation (a) (b) eTextbook and Medial I Debit Credit

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