Luna Company accepted credit cards in payment for $6,000 of services performed during July Year 1. The credit card company charged Luna a 3.50 percent service fee; it paid Luna as soon as it received the invoices. 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. Round your answers to nearest whole dollar.)

b. Prepare the general journal entry for the collection of the receivable from the credit card company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar.)

c. Based on this information alone, what is the amount of net income earned during the month of July? (Round your answer to nearest whole dollar.)

Journal entry worksheet Record service revenue on credit card payment and credit card expenses. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Journal entry worksheet