Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent...

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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) Flint Restaurant accepted a Visa card in payment of a $100 lunch bill. The bank charges a 4% fee. What entry should Flint make? Pina Colada Company sold its accounts receivable of $66,000. What entry should Pina Colada make, given a service charge of 2% on the amount of receivables sold? Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) Flint Restaurant accepted a Visa card in payment of a $100 lunch bill. The bank charges a 4% fee. What entry should Flint make? Pina Colada Company sold its accounts receivable of $66,000. What entry should Pina Colada make, given a service charge of 2% on the amount of receivables sold?

Answer rating: 100% (QA)

a b Account titles explanation Cash ac 1004 Service charge expense ac 100 4 Sales r... View the full answer