Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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(a)
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Draber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Draber make?
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(b)
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Marin Company sold its accounts receivable of $74,400. What entry should Marin make, given a service charge of 4% on the amount of receivables sold?
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No.
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Account Titles and Explanation
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Debit
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Credit
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(a)
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(b)
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