Consider these transactions:(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a)Cullumber Company accepted a Visa card in payment of a$1,700lunch bill. The bank charges a4% fee. What entry should Cullumber Company make?(b)Sheffield Corp. sold its accounts receivable of $61,600. What entry should Sheffield Corp. make, given a service charge of4% on the amount of receivables sold?

No. Account Titles and Explanation

Debit Credit

(a)

(b)