Titan Services allows customers to purchase on credit as well as use two (2) credit cards in charging purchases. With the Access Bank Card, a 6% service charge for credit card sales is assessed. The second credit card Titan accepts is the Lincoln Card. Lincoln assess a 3.5% charge on sales for using its card. Required: Prepare journal entries to record the following selected credit card transactions of Titan Services as well as a payment from a customer on credit. February 6: Sold merchandise for $7,000 (that had a cost of $5,200) and accepted the customer's Access Bank Card. February 10: Sold merchandise for $5,000 (that had a cost of $3500) and accepted the customer's Lincoln Card. February 15: Received a check in the amount of $1,000 as full payment for goods purchased on credit. Edit Format Table