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

a$.$ Tony's Restaurant accepted a Visa card in payment of a $$200$ lunch bill. The bank charges a $4\%$ fee. What entry should Tony',

make?

b$.$ Cheyenne Company sold its accounts receivable of $$65,000.$ What entry should Cheyenne make, given a service charge of $1$

on the amount of receivables sold?

Account Titles and Explanation

Debit

Credit

a$.$

b$.$

$[$