Credit Card sales:

Eerercise 7.14A Reconfing credit cand sales Luna Compary aceepted eredit cards in pament for $6,000 of services performed during July Year 1 . The credit card company charged Luna a 4 percent service fee; it paid Luna as soon as it received the invoices. Required 2. Prepare the general journal entry to record the service revenue. b. Prepare the general journal entry for the collection of the receivable from the credit eard company. c. Based on this information alone, what is the amount of net income earned during the moth of July