The following are two independent situations.

$($a$)$

On April $2,$ Jennifer Elston uses her Target RedCard to purchase merchandise from a Target store for $$1,400.$ On May $1,$ Elston is billed for the $$1,400$ 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 $3\mathrm{.}0\%$ per month on the unpaid balance as of May $3.$ Prepare the entries on Target'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. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$The following are two independent situations.

$($a$)$

On April $2,$ Jennifer Elston uses her Target RedCard to purchase merchandise from a Target store for $$1,400.$ On May $1,$ Elston is billed for the $$1,400$ 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 $3\mathrm{.}0\%$ per month on the unpaid balance as of May $3.$ Prepare the entries on Target'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. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$