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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Monty Corp. accepted a Visa card in
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Monty Corp. accepted a Visa card in payment of a exist2, 100 lunch bill. The bank charges a 2% fee, what entry should Monty Corp. make? (b) Kingbird, Inc. sold its accounts receivable of exist66, 600. What entry should Kingbird, Inc. make, given a service charge of 2% on the amount of receivables sold
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