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What entry should Flint make

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Reference no: EM133053072

Question - Consider these transactions:

(a) Flint Restaurant accepted a Visa card in payment of a $100 lunch bill. The bank charges a 4% fee. What entry should Flint make?

(b) Pina Colada Company sold its accounts receivable of $66,000. What entry should Pina Colada make, given a service charge of 2% on the amount of receivables sold?

Reference no: EM133053072

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