Question $4$ of $4$

$\frac{4\mathrm{.}09}{10}$

On April $2,$ Sally Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $$1,300.$ On May $1,$ Elston is billed for the $$1,300$ 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 $1\%$ per month on the unpaid balance as of May $3.$ Prepare the entries on JCPenney Co$.\text{'}$s books related to the transactions that occurred on April $2,$ May $3,$ and June $1.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable

Cash

Accounts Receivable

Accounts Receivable

$($b$)$

On July $4,$ Blossom Restaurant accepts a Visa card for a $$400$ dinner bill. Visa charges a $2\%$ service fee. Prepare the entry on Blossom books related to this transaction. $($Credit account titles are automatically indented when amount is entered Do not indont