Presented below are selected transactions of Heinrich Company. Heinrich sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Kirk Company for $4,000, terms 2/10, n/30. 3 Kirk Company returned merchandise worth $600 to Heinrich. 9 Heinrich collected the amount due from Kirk Company from the March 1 sale. 15 Heinrich sold merchandise for $8,000 in its retail outlet. The customers used their Heinrich credit card. 31 Heinrich added 1.5% monthly interest to the customers credit card balance. April 10 Heinrich collected $3,050 from credit card customers. Instructions:

a) Prepare journal entries for the transactions above.

b) What is the balance from credit card transactions in Accounts Receivable after the April 10 transaction?