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Brief Exercise 8-6 Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Shamrock, Inc. accepted a Visa card in payment of a $200 lunch bill. The bank charges a 396 fee, what entry should Shamrock, Inc. make? Nashs Trading Post, LLC sold its accounts receivable of $61,600, what entry should Nashs Trading Post, LLC make, given a service charge of 3% on the amount of receivables sold? No. Account Titles and Explanation Debit Credit 194 Interest Receivable 6 Sales Revenue 100

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Answer #1
No Account titles & Explanations Debit Credit
a) Cash 194
Service charge expense 6
Sales 200
b) Cash 59752
Service charge expense 1848
Account receivable 61,600
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