Question: ignment NEXT Brief Exercise 8-6 Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Ivanhoe Company


ignment NEXT Brief Exercise 8-6 Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Ivanhoe Company accepted a Visa card in payment of a $300 lunch bill. The bank charges a 3% fee, what entry should Ivanhoe Company make? (b) Swifty Corporation sold its accounts receivable of $69,100, what entry should Swifty Corporation make, given a service charge of 3% on the amount of receivables sold? Credit LINK TO TEXT t/test/qview.uni?id 4
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