The following transactions occurred in June through August. Be aware not every date will require an entry. (use "Service Charge Expense" for all credit card Expense and credit card equipment rental) June. 1 After much thought, Natalie sells a mixer to Curtis on credit, terms n/30, for $1,100 (cost of mixer $600). (don't forget to record the COGS covered in previous chapters) 2 Natalie meets with the bank manager and arranges to get access to a credit card account. The terms of credit card transactions are 3% of the sales transactions and a monthly equipment rental charge of $75.