On April 2, Jennifer Elston uses her JCPenney Company 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 3.0% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Co.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. Record journal entries in the order presented in the problem.)

On April 2, Jennifer Elston uses her 3CPenney Company 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 or the amount due inc uding interest at 3 0% mnt on the unpald balance as of May 3. Prepare the entries on JCPenney Co.'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. Record ournal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit Apr. 2Accounts Receivable 1,000 Sales Revenue 1,000 May 3 Cash Accounts Receivable June 1 Accounts Receivable Interest Revenue On April 2, Jennifer Elston uses her 3CPenney Company 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 or the amount due inc uding interest at 3 0% mnt on the unpald balance as of May 3. Prepare the entries on JCPenney Co.'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. Record ournal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit Apr. 2Accounts Receivable 1,000 Sales Revenue 1,000 May 3 Cash Accounts Receivable June 1 Accounts Receivable Interest Revenue