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

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Accounting

Consider these transactions: (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) Pronghorn Restaurant accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should Pronghorn make? (b) (a) (b) Culver Company sold its accounts receivable of $77,000. What entry should Culver make, given a service charge of 1% on the amount of receivables sold? Account Titles and Explanation Debit Credit

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Consider these transactions: (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 0 for the amounts.) (a) Pronghorn Restaurant accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should Pronghorn make? (b) Culver Company sold its accounts receivable of $77,000. What entry should Culver make, given a service charge of 1% on the amount of receivables sold

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