Luno Company accepted credit cards in poyment for $6,950 of services performed during July Year...

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Accounting

image Luno Company accepted credit cards in poyment for $6,950 of services performed during July Year 1 . The credit card company charged Luno 03.25 percent service fee; it paid Luno a soon as it received the invoices. Required a. Prepore the general journsl entry to record the service revenue. (If no entry Is required for a transaction/event, select "No journal entry required" In the first account field. Round your answers to nearest whole dollar.) Journal entry worksheet Record service revenue on credit card payment and credit card expenses. Note: Enter debits befare crecits. b. Prepore the generol journol entry for the collection of the receivoble from the credit cord compony. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Round your answers to nearest whole dollar.) Journal entry worksheet Note: Enter debits betare crecits. c. Bosed on this information olone, whot is the omount of net income eorned during the month of July? (Round your answer to nearest whole dollar.)

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