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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (a) Oriole Company accepted a Visa
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (a) Oriole Company accepted a Visa card in payment of a $300 lunch bill. The bank charges a 2% fee. What entry should Oriole make? As No. Account Titles and Explanation (b) Sage Hill Inc. sold its accounts receivable of $68,400. What entry should Sage Hill make, given a service charge of 2% on the amount of receivables sold? Debit Credit
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