Question 1 of 5 II Canh May 15 Credit Card Recelvabic Visa Credic Card Roceivable Siles Viar Gedil Card Receivable conb Credit Cord Pocclivables Teal Mountain Stores has been in business for several years, uses a perpetual inventory system, and has its cwn credit card, called Teal Mountain Credit. The business also accepts debit cards, and bank credit cards (Visa and Mastercard) as payment for sales, Teal Mountain is charged 48 for all bank crediteard transactions and \$0.50 per debit card transaction. Transactions for the business are shown below: May 1 Sales totalled $5,740, Of this amount, $1,800 of the sales were charged on the Teal Mountain Credit card and the remainder were cash sales 15. Sales totalled \$1.350. Of this amount, $850 of the sales were charged on the Teal Mountain Credit card and the remainder was pald for using Visacredit cards. 20 Received payments totalling $2.000 from Teal Mountain Creditcard customers. 22 Sold goods totalling $1,420 to customers who used the Teal Mountain Credit card for payment. 30 Sales totalled $3,900, Of this amount, $800 of the sales were charged on the Teal Mountain Credit card, and $3,100 was paid for using Mastercard. 31. Sales totalled \$3,400. All 130 transactions were debit card transactions. Credit Card Recelvables: Mar 22 Credit Card Receivable Sales May 30= Credit Card Receivable. Mastercand Receivable Sales. Mastercard Recelvable Mav31 Cash 30 Sales totalled $3,900, Or this amount, $800 of the sales were charged on the Teal Mountain Credit card, and $3,100 was paid for using Mastercard. 31. Sales totalied \$3,400. All 130 transactions were debit card transactions. June 1 Added interest charges of $725 to outstanding Teal Mountain credit card balances. Prepare the journal entries to record the above transactions. Ignore amy inventory or cost of goods sold entries for the purposes of this question. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the occount titles and enter O for the amounts List all debit entries before credit entries. Record journat entries in the order presented in the problem. Do not use accounts receivable use Credit Card Receivables