Ottawa Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred.

Jan. 15 Made Ottawa credit card sales totaling $18,000. (There were no balances prior to January 15.)

20 Made American Express credit card sales (service charge fee 5%) totaling $4,100.

30 Received payment in full from American Express less the 5% service charge.

Feb. 10 Collected $12,000 on Ottawa credit card sales.

15 Added finance charges of 1% to Ottawa credit card balance.

Instructions

(a) Journalize the transactions for Ottawa Stores.

(b) Indicate the statement presentation of the financing charges and the credit card service charge expense for Ottawa Stores.