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I need a walk-through on this one. On Apri1 2, Maria Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for
I need a walk-through on this one. On Apri1 2, Maria Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for \$1,100. On May 1. Elston is bilied for the $1.100 arnount due. Eluton pays 5800 on the balance due on Mav 3. Elston receives a bill dated June 1 for the amount due. including interest at 335 per month on the unpoid 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 outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.) (b) On July 4, Tamarisk Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 4% service fee. Prepare the entry on Tamarisk 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.)
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