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Question 8 Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) Buffalo Industries accepted a

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Question 8 Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) Buffalo Industries accepted a Visa card in payment of a $ 600 lunch bill. The bank charges a 4% fee, what entry should Buffalo Industries make? Skysong, Inc. sold its accounts receivable of $ 70,800, what entry should Skysong, Inc. make, given a service charge of 4% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit

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