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Luna Company accepted credit cards in payment for $6,800 of services performed during July Year 1. The credit card company charged Luna a 1.75 percent

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Luna Company accepted credit cards in payment for $6,800 of services performed during July Year 1. The credit card company charged Luna a 1.75 percent service fee; it paid Luna as soon as it received the invoices. Required a. Prepare the general joumal 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. Prepare the general journal entry to record the service revenue. (If no entry is required for a transaction/event, select "No journa required" in the first account field. Round your answers to nearest whole dollar.) Journal entry worksheet Record service revenue on credit card payment and credit card expenses. Note: Enter debits before credits. Record cash received for service revenue. Note: Enter debits before credits. Complete this question by entering your answers in the tabs b Based on this information alone, what is the amount of net income earn nearest whole dollar.)

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