Topeka Stores accepts both its own and national credit cards. During the year th

Question

Topeka Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred.
Jan. 15 Made Topeka credit card sales totaling $18,800. (There were no balances prior to January 15.)
20 Made Visa credit card sales (service charge fee 2%) totaling $3,700.
Feb. 10 Collected $10,100 on Topeka credit card sales.
15 Added finance charges of 2% to Topeka credit card balance.

Journalize the transactions for Topeka Stores


Jan. 15 Account receivable 18,800 Dr
Sales 18,800 Cr

Jan. 20 Cash 3,626 Dr
Service charge expense 74 Dr
Sales 3,700 Cr

Feb. 10 Cash 10,100 Dr
Account receivable 10,100 Cr

Feb. 15 .........
.............

I am not sure about Feb 10 &15 please help me with that....

Explanation / Answer

Feb 10 looks good. Feb 15 Dr Account Receivable 3700 Cr Credit Card Revenue 3700

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