Hong Long Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred.
Jan 15 Made Hong Kong credit card sales totaling HK$18,000. (There were no balances prior to January 15.)
20 Made Visa credit card sales (service charge fee 2%) totaling HK$4,300.
Feb 10 Collected HK$10,000 on Hong Kong credit card sales.
15 Added finance charges of 1% to Hong Kong credit card balance.

Instructions
(a) Journalize the transactions for Hong Kong Stores.
(b) Indicate the statement presentation of the financing charges and the credit card service charge expense for Hong Kong Stores.