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View Policies Current Attempt in Progress Consider these transacticins: (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) (a) Pharoah
View Policies Current Attempt in Progress Consider these transacticins: (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) (a) Pharoah Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Pharoah make? (b) Shamrock, Inc. sold its accounts receivable of $61,600. What entry should Shamrock make, given a service charge of 4% on the amount of receivables sold? Debit Credit No. Account Titles and Explanation la) (6) (a) Pharoah Company accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Pharoah make? Shamrock, Inc. sold its accounts receivable of $61,600. What entry should Shamrock make, given a service charge of 4% on the amount of receivables sold? (b) Debit No. Account Titles and Explanation (a) Credit (b)
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