Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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Question:
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Sarasota Restaurant accepted a Visa card in payment of a $350 lunch bill. The bank charges a 2% fee. What entry should Sarasota make? (b) Bridgeport Company sold its accounts receivable of $83,000. What entry should Bridgeport make, given a service charge of 3% on the amount of receivables sold?
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