Luna Company accepted credit cards in payment for $$6,000$ of services performed during July Year $1.$ The credit card company charged Luna a $4$ percent service fee; it paid Luna as soon as it received the invoices.

$2$ points

Skipped

Required

a$.$ Prepare the general journal entry to record the service revenue.

b$.$ Prepare the general journal entry for the collection of the receivable from the credit card company.

c$.$ Based on this information alone, what is the amount of net income earned during the month of July?

Complete this question by entering your answers in the tabs below.

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.$)$

Journal entry worksheet

A

Record service revenue on credit card payment and credit card expenses.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,,$Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

Record entry

Cinarentro

Cinarentry