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Please Help 32.) On June 2, John Wayne used his Lowes Company credit card to purchase merchandise from a Lowes Store for $2,500. On July

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32.) On June 2, John Wayne used his Lowes Company credit card to purchase merchandise from a Lowes Store for $2,500. On July 1, Wayne is billed for $2,500 amount due. Wayne pays $1,000 on the balance due on July 3. Wayne receives a bill dated August 1 for the amount due, including interest at 2% per month on the unpaid balance as of July 3. Prepare the entries on Lowes' books related to the transactions that occurred. (Skip lines and omit explanations) (10 points)

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