Newton Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred.

Oct.15Sold $15,000 of accounts receivable to Fast Factors, Inc. who assesses a 3% finance charge.

25Made sales of $800 on VISA credit cards. The credit card service charge is 2%.

Journalize the transactions.