Credit Card Sales La Kai Gallery sells quality art work, with prices for individual pieces ranging from $500 to $25,000 Sales are infrequent, typically only six to ten pieces per week. The following transactions occurred during the first week of June. Perpetual inventory is used Jun.1 Sold a framed print to Likert Antiques on account, with 2/10,n/30 credit terms for Jun.2 Sold three framed etchings to Annabelle Herrera, totaling $1,120 $700 cost) $3,360 ($2,100 cost) who used the United Merchants Card to charge the cost of the etchings. La Kai mailed the credit card sales slip to United Merchants the same day. United Merchants will send a check within seven days after deducting a 1 % fee. Sold an oil painting to Ryan LaLander, who paid with a personal check: Sold a watercolor to Julie and Bobby Herman, who used their Great American Bank Card to charge the purchase of the painting. La Kai deposited the credit card sales slip the same day and received immediate credit in the company's checking account. The bank charged a 2% fee. The painting was sold for: Jun.4 $2,520 $1,400 cost Jun.5 $2,800 ($1,820 cost) Jun.6 Received payment from Likert Antiques for its June 1 purchase Jun.7 Received a check from United Merchants for the June 2 sale. Required Prepare journal entries to record the La Kai Gallery transactions. (Round to the nearest dollar.)