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(a) On April 2, Sally Elston uses her JCPenney Company credit card to purchase merchandise from a JCPenney store for $1,500. On May 1. Elston is billed for the $1,500 amount due, Elston pays $700 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 1% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Co's books related to the transactions that occurred on April 2, May 3, and June 1. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Inventory 1500 Apr 2 Accounts Payable 1500 May 3 700 Accounts Payable Cash 700 June 1 Interest Receivable 8 Accounts Payable (5) On July 4, Oriole Restaurant accepts a Visa card for a $500 dinner bill. Visa charges a 2% service tec. Prepare the entry on Oriole books related to this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit July 4 Cash Service Charpe Expense Sales Revenue