Superior Carpet Cleaning provided $86,050 of services during 2014, its first year of operations. All customers paid for the services with major credit cards. Superior submited the credit card reciepts to the credit card company immediately. The credit card company paid Superior cash in the amount of face value less a 3.50 percent service charge.

Superior Carpet Cleaning provided $86.050 of services during 2014, its first year of operations. All customers paid for the services with major credit cards. Superior submitted the credit card receipts to the credit card company immediately. The credit card company paid Superior cash in the amount of face value less a 3.50 percent service charge. Required a. Record the credit card sales and the subsequent collection of accounts receivable in a horizontal statements model like the one shown below. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate thet an element is not affected by the event