rreise 8 (amount in million) Nor way Company has the following accounts receivable in its general ledger at Jaly 31: Accounts Receivable ID32,000 and account receivable city rose ID2500 During August, the following transactions occurred. A00. 1 Added 1% finance charges to ID12,000 of credit card balances for not paying within the 30 day grace period. 10 Received cash from city rose. for july 31 . 15 Sold ID20,000 of accounts receivable to Rasha Factors Inc. who charge a 2% commission. 20 made ID 2200 of city rose .credit card sales less 5% servic charge 28 Collected ID7,000 from Maryem credit card customers including ID350 of finance charges previously billed. Instructions (a) Journalize the transactions. (b) Indicate the statement presentation of finance and service charges