On April $2,$ Carla Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $$1,000.$ On May $1,$ Elston is billed for the $$1,000$ amount due. Elston pays $$500$ on the balance due on May $3.$ Elston receives a bill dated June $1$ for the amount due, including interest at $1\%$ per month on the unpaid balance as of May $3.$ Prepare the entries on JCPenney Co$.\text{'}$s books related to the transactions that occurred on April $2,$ May $3,$ and June $1.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[$Apr$.2vv,$Accounts Receivable,,$],[,$Sales Revenue,,$],[,$Cash,$500,],[,$Accounts Receivable,,$],[,$Accounts Receivable,,$],[,$Interest Revenue,,$]]$

$($b$)$

On July $4,$ Cullumber Restaurant accepts a Visa card for a $$200$ dinner bill. Visa charges a $2\%$ service fee. Prepare the entry on Cullumber books related to this transaction. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

July $4$

Cash

$480$

$$

Service Charge Expense

Sales RevenueI'm