Problem 7-4A Credit card and debit card transactions LO5 Help Me SOLVE IT On September 5, Maria Smith, owner of Super Gym Personal Service, provided personal training services to customers for cash of $3,500. Services of $9,000 were billed to corporate clients, terms 2/10, n/30. In the gym Maria uses a Square card reader that attaches to her iPhone, and other services totalling $18,000 were recorded on September 20 for customers using MasterCard (assume a 3.25% fee). On September 25, sales of $7,000 were made to debit card customers, also using the Square reader on her phone. The bank charges Maria a flat fee of 0.75% on all debit card transactions. Required Prepare journal entries for each of the transactions described. Analysis Component: Identify the advantages and disadvantages of each type of sale: cash sale, credit sale, credit card sale, or debit card sale. Explain why Maria would likely accept all these types of payment