Exercise 7-14A (Algo) Recording Credit Cord Soles LO 7-6 Luna Company accepted credit cards in payment for $7,650 of services performed during July Year 1 . The credit card company charged Luna a 2.25 percent service fee; it pald Luna as soon as it received the invoices: Required a. Prepare the general journal entry to record the service revenue. b. Prepare the general joumal entry for the collection of the recelvable from the credit card company c. Based on this information alone, what is the amount of net income earned during the month of July