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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Brief Exercise 8-07 Consider these transactions: (Credit account

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

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Brief Exercise 8-07 Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Blossom Company accepted a Visa card in payment of a $250 lunch bill. The bank charges a 4% fee. What entry should Blossom make? (b ) 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 Debit Credit (a) hs (b) Click if you would like to Show Work for this question: Open Show Work

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