dont give answer in the image format Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indentmanually.)3(a)(b)(a)Tastee Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entryshould Tastee make?No. Account Titles and Explanation(b)Martin Company sold its accounts receivable of $65,000. What entry should Martin make, given a service chargeof 3% on the amount of receivables sold?Service Charge ExpenseSales AvenueNotes ReceivablesporiteDebit194630501950Credit200

A journal entry is a record of a business transaction kept in an organization's accounting system.…

Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not inden manually.) (a) (b) Tastee Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Tastee make? (a) Martin Company sold its accounts receivable of $65.000. What entry should Martin make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit 194 Credit

Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not inden manually.) (a) (b) Tastee Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Tastee make? (a) Martin Company sold its accounts receivable of $65.000. What entry should Martin make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit 194 Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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