First Place Running Shoes reports the following: 2016 May 3 Oct. 1 Dec. 31 Recorded credit card sales of $93,000, net of processor fee of 1%. Ignore Cost of Goods Sold. Loaned $17,000 to Jackie Parker, an executive with the company, on a one-year, 6% note. Accrued interest revenue on the Parker note. 2017 Oct. 1 Collected the maturity value of the Parker note. Journalize all entries required for First Place Running Shoes. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 3, 2016: Recorded credit card sales of $93,000, net of processor fee of 1%. Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit 2016 Cash 92,070 May 3 Credit Card Expense 930 Sales Revenue 93,000 Record credit card sales, net of fee. Oct 1, 2016: Loaned $17,000 to Jackie Parker, an executive with the company, on a one-year, 6% note. Date Accounts and Explanation Debit Credit 2016 Oct. 1