Question: BE 9-8 Presented below are two independent transactions. (a) St. Pierre Restaurant accepted a Visa card in payment of a $150 lunch bill. The

BE 9-8 Presented below are two independent transactions. (a) St. Pierre Restaurant accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should St. Pierre make? (b) Jamar Company sold its sold its accounts receivable of $60,000. What entry should Jamar make, given a service charge of 3% on the amount of receivables sold?

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