he following are two independent situations.

$($a$)$

On April $2,$Stacy$$Elston uses

her$$JCPenney$$credit card to purchase

merchandise from a JCPenney store for $$1,000.$ On May $1,$ Elston is

billed for the $$1,000$amount due. Elston pays $$700$on the

balance due on May $3.$ Elston receives a bill dated June $1$ for the

amount due, including interest at$3\%$ per month on the unpaid

balance as of May $3.$ Prepare the entries on JCPenney Co$.$s books

related to the transactions that occurred on April $2,$ May $3,$ and

June $1.($Credit account titles are automatically

indented when amount is entered. Do not indent manually. If no

entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts.$)$

$$DateAccount Titles and ExplanationDebitCreditchoose a transaction date$$

$$

$$

$$

$$Apr$.2$May $1$May $3$June $1$July $4$enter an account titleenter a debit amountenter a credit amountenter an account titleenter a debit amountenter a credit amountchoose a transaction date$$

$$

$$

$$

$$Apr$.2$May $1$May $3$June $1$July $4$enter an account titleenter a debit amountenter a credit amountenter an account titleenter a debit amountenter a credit amountchoose a transaction date$$

$$

$$

$$

$$Apr$.2$May $1$May $3$June $1$July $4$enter an account titleenter a debit amountenter a credit amountenter an account titleenter a debit amountenter a credit amount

$($b$)$

On July $4,$Whispering Winds$$Restaurant accepts a Visa

card for a $$300$dinner bill. Visa charges a$4\%$ service

fee. Prepare the entry on$$Whispering Winds$$books related

to this transaction.$($Credit account titles are

automatically indented when amount is entered. Do not indent

manually. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts.$)$

$$DateAccount Titles and ExplanationDebitCreditenter an account titleenter a debit amountenter a credit amountenter an account titleenter a debit amountenter a credit amountenter an account titleenter a debit amountenter a credit amount