Presented below are two independent situations.
  (a) On April 2, Brooklyn Decker uses her J. C. Penney Company credit card to purchase merchandise from a J. C. Penney store for $1,500. On May 1, Decker is billed for the $1,500 amount due. Decker pays $700 on the balance due on May 3. On June 1, Decker receives a bill for the amount due, including interest at 1.0% per month on the unpaid balance as of May 3. Prepare the entries on J. C. Penney Co.’s books related to the transactions that occurred on April 2, May 3, and June 1.
  (b) On July 4, Vanderloo’s Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 3% service fee. Prepare the entry on Vanderloo’s books related to this transaction.