Presented below are two independent situations.

(a) On April 2, Jennifer Elston uses her JCPenney Company credit card to purchase merchandise from a JCPenney store for $ 1,600. On May 1, Elston is billed for the $ 1,600 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 1.0% 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.

(b) On July 4, Sunland Restaurant accepts a Visa card for a $ 500 dinner bill. Visa charges a 2% service fee. Prepare the entry on Sunlandbooks related to this transaction.

Date Account Titles and Explanation Debit Credit