Question: (a) (b) Oriole Restaurant accepted a Visa card in payment of a $175 lunch bill. The bank charges a 4% fee. What entry should

(a) (b) Oriole Restaurant accepted a Visa card in payment of a $175 lunch bill. The bank charges a 4% fee. What entry should Oriole make? Sage Hill Company sold its accounts receivable of $70,000. What entry should Sage Hill make, given a service charge of 4% on the amount of receivables sold?

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