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Presented below are two independent transactions. a) Whispering Winds Restaurant accepted a Visa card in payment of a $200lunch bill. The bank charges a2% fee.

Presented below are two independent transactions.

a)Whispering Winds Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 2% fee. What entry should Whispering Winds make?
(b)Ayayai Company sold its accounts receivable of $60,000. What entry should Ayayai make, given a service charge of 1% on the amount of receivables sold?

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