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What entry should marin make given a service charge

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Reference no: EM131795363

(a) Draber Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Draber make?

(b) Marin Company sold its accounts receivable of $65,000. What entry should Marin make, given a service charge of 3% on the amount of receivables sold?

Reference no: EM131795363

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