Exercise 7-14A Recording Credit Card Sales LO 7-6 Luna Company accepted credit cards in payment for $7,700 of services performed during July Year 1. The credit card company charged Luna a 4.00 percent service fee; it paid Luna as soon as it received the invoices. Required a. Prepare the general journal entry to record the service revenue. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar.) View transaction list Journal entry worksheet Record service revenue on credit card payment and credit card expenses. Note: Enter debits before credits Transaction General Journal Debit Credit 1 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 field. Round your answers to nearest whole dollar.) View transactions Journal entry worksheet