Luna Comp accepted credit cards in payment for 6,000 of services performed in July. The credit card company charged Luna a 4 percent service fee ; it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July?

Exercise 5-15A (Static) Recording credit card sales LO 5-5 Luna Company accepted credit cards in payment for $6,000 of services performed during July. The credit card company charged Luna a 4 percent service fee; it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July