Presented below are the following transactions. 1. St. Pierre Restaurant accepted a Visa card in payment of

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Presented below are the following transactions.

1. St. Pierre Restaurant accepted a Visa card in payment of a $\$ 100$ lunch bill. The bank charges a $3 \%$ fee. What entry should St. Pierre make?

2. Mayfield Company sold its accounts receivable of $\$ 70,000$. What entry should Mayfield make, given a service charge of $3 \%$ on the amount of receivables sold?

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:09 AM

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Presented below are the following transactions. 1. St. Pierre Restaurant accepted a Visa card in payment of

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Financial Accounting

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