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5 Luna Company accepted credit cards in payment for $6,000 of services performed during July Year 1. The credit card company charged Luna a 4
5 Luna Company accepted credit cards in payment for $6,000 of services performed during July Year 1. The credit card company charged Luna a 4 percent service fee; it patd Luna as soon as it recetved the invoices. Required a. Prepare the general journal entry to record the service revenue. (If no entry Is requlred for a transaction/event, select "No Journal entry required" In the first account fleld.) 2.5 points Skipped View transaction list Book Journal entry worksheet A Print Record service revenue on credit card payment and credit card expenses. References Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Chear entry View general journal LO 5 b. Prepare the general journal entry for the collection of the receivable from the credit card company (If no entry Is required for a transaction/event, select "No Journal entry required" in the first account fleld.) 2.5 points View transaction list Skipped Journal entry worksheet > eBook A Record cash received for service revenue. Pint References Note: Enter debits before credits. Debit Transaction General Journal Credit Record entry Clear entry View general journal LO c. Based on this information alone, what Is the amount of net Income earned during the month of July? Net income
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