journalizing entries

Project Description:

consider these transactions: (credit account titles are automatically indented when amount is entered. do not indent manually.)

(a) galvao restaurant accepted a visa card in payment of a $200 lunch bill. the bank charges a 3% fee. what entry should galvao make?
(b) stone company sold its accounts receivable of $65,000. what entry should stone make, given a service charge of 3% on the amount of receivables sold?
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