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On Aprit 2, Julia Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $1,300, On May 1, Elston is billed

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On Aprit 2, Julia Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $1,300, On May 1, Elston is billed for the $1,300 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% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Ca's books related to the transactions that occurred on April 2, May 3, and June 1. (Credit occount titles are outomatically indented when amount is entered. Do not indent manualks. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts) (b) On July 4, Sheffield Festaurant accepts a Visa cand for a \$300 dinhier bilt Visa charges a 4k service fee Prepare the entry on shetheld books related to this transaction. (Credit account ities are outometically indented when amocint is entered Do not indent mainualk If ne entry is required, select "No Entry' for the account titles and enter ofor the amounts)

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