Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (a) Cullumber Company accepted a Visa card in payment of a $350 lunch bill. The bank charges a 4% fee. What entry should Cullumber make? No. Account Titles and Explanation (b) Marin Inc. sold its accounts receivable of $62,600. What entry should Marin make, given a service charge of 4% on the amount of receivables sold? Debit Credit

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 $350 lunch bill. The bank charges a 4% fee. What entry should Cullumber makc? (b) Marin Inc sold its accounts receivable of $62,600. What entry should Marin make, given a service charge of 4% on the amount of receivables sold