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Luna Company accepted credit cards in payment for $8,000 of services perfarmed during July Year 1 . The credit card company charged Luna a 1.50

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Luna Company accepted credit cards in payment for $8,000 of services perfarmed during July Year 1 . The credit card company charged Luna a 1.50 percent service fees it paid Luna as soon as it received the invoices. 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 eamed 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 fora trangaction/event, galest "No foumal aitipy required' in the first account field. Round your answers to nearest whole dollat) Journal entry worksheet Record service revenue on credit card payment and crodit card expenses. Journal entry worksheet Record service revenue on credit card payment and credit card expenser. Note: Enter debits before credits, Prepare the general journal entry for the collection of the recelvable from the credit card company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld Round your answers to nearest whole dollar.) Journal entry worksheet Record cash recelved for service revenue. Notel Enter debits before credits. Luna Company accepted credit cards in payment for $8,000 of services performed during July Year 1, The credit card company charged Luna a 1.50 percent service fee; it paid Luna as soon as it received the invoices Required o. 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. Based on this information alone, what is the amount of net income earned during the month of July? (Round your angwer to nearest whole doliar)

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