Question: Kopper Kettle Restaurant accepts Visa cards. On April 9, a customer paid for a $175 dinner using his Visa card. The bank charges a 4%
Kopper Kettle Restaurant accepts Visa cards. On April 9, a customer paid for a $175 dinner using his Visa card. The bank charges a 4% fee for each transaction. Prepare the entry that Kopper Kettle must make to record this transaction. Assuming the purchase is made using a Kopper Kettle-issued credit card, would the entry change? Prepare the entry to record the purchase assuming a debit card is used for payment and that the bank charges a $2 fee for each transaction.
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