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need help w part a and b a. prepare the general joutnal entry to record the service revenue b. prepare the general journal entry for
need help w part a and b
Luna Company accepted credit cards in payment for $6,000 of services performed during July Year 1. The credit card company charged Luna o 4 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. b. Prepare the general journal entry for the collection of the recelvable from the credit card company. c. Based on this information alone, what is the amount of net income earned during the month of July a. prepare the general joutnal entry to record the service revenue
b. prepare the general journal entry for the collection of the recievable from the credit card company
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