Question: Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Consider these transactions: (Credit account titles are automatically indented when amount is

Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) Crane Company accepted a Visa card in payment of a $ 200 lunch bill. The bank charges a 3% fee. What entry should Crane make? (b) Larkspur, Inc. sold its accounts receivable of $ 61,600. What entry should Larkspur make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit (a) (b)

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