Visa card in payment, Draber Restaurant accepted a Visa

Visa card in payment

Assignment Help Financial Accounting

Reference no: EM13928835

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

(a). Draber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Draber make?

(b). Marin Company sold its accounts receivable of $74,400. What entry should Marin make, given a service charge of 4% on the amount of receivables sold?

No.	Account Titles and Explanation	Debit	Credit
(a)


(b)

Reference no: EM13928835

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