(a) Ayayai Restaurant accepted a Visa card in payment of a $175 lunch bill. The...
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Accounting
(a) Ayayai Restaurant accepted a Visa card in payment of a $175 lunch bill. The bank charges a 4% fee. What entry should Ayay make? (b) Whispering Winds Company sold its accounts receivable of $84,000. What entry should Whispering Winds make, given a service charge of 1% on the amount of receivables sold
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