Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(a)
Carla Vista Co. accepted a Visa card in payment of a $425 lunch bill. The bank charges a 2% fee. What entry should Carla Vista make?(b)
Tamarisk, Inc. sold its accounts receivable of $65,000. What entry should Tamarisk make, given a service charge of 2% on the amount of receivables sold?
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