Consider these transactions: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) Cullumber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 2% fee. What entry should Cullumber make? Marin Company sold its accounts receivable of $64,300. What entry should Marin make, given a service charge of 2% on the amount of receivables sold?
Consider these transactions: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) Cullumber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 2% fee. What entry should Cullumber make? Marin Company sold its accounts receivable of $64,300. What entry should Marin make, given a service charge of 2% on the amount of receivables sold?
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 7MC: An unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods...
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Vikarm
![Consider these transactions: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
(a)
(b)
Cullumber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 2% fee. What entry should
Cullumber make?
Marin Company sold its accounts receivable of $64,300. What entry should Marin make, given a service charge of 2% on the
amount of receivables sold?
No. Account Titles and Explanation
(a)
(b)
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdfe087e8-3e31-43c0-a59d-4a7e8bf9f1d3%2Fb031b05e-7a09-412b-8204-ea05ce3493cf%2Flig04s7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider these transactions: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
(a)
(b)
Cullumber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 2% fee. What entry should
Cullumber make?
Marin Company sold its accounts receivable of $64,300. What entry should Marin make, given a service charge of 2% on the
amount of receivables sold?
No. Account Titles and Explanation
(a)
(b)
Debit
Credit
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