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...


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?



Jun 10, 2022
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