Question: Question 16 of 30 - /5 E Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do

Question 16 of 30 - /5 E Current Attempt in Progress Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Concord Restaurant accepted a Visa card in payment of a $250 lunch bill. The bank charges a 2% fee. What entry should Concord make? (b) Riverbed Company sold its accounts receivable of $87,000. What entry should Riverbed make, given a service charge of 3% on the amount of receivables sold? Account Titles and Explanation Debit Credit (a) (6)

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