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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) Blossom Company accepted a Visa
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) Blossom Company accepted a Visa card in payment of a $100 lunch bill. The bank charges a 4% fee. What entry should Blossom make? Kingbird, Inc. sold its accounts receivable of $59,200. What entry should Kingbird make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation (a) (b) Debit Credit
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