Question: don't know what to do. Exercise 9-10 a-b Presented below are two independent situations. On April 2, Jennifer Elston uses her Nash Company credit card

don't know what to do.

don't know what to do. Exercise 9-10 a-b Presented below are two

Exercise 9-10 a-b Presented below are two independent situations. On April 2, Jennifer Elston uses her Nash Company credit card to purchase merchandise from a Nash store for $1,000. On May 1, Elston is billed for the $1,000 amount due. Elston pays $500 on the balance due on May 3. On June 1, Elston 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 Nash Co.'s books related to the transactions that occurred on April 2, May 3, and June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Title: and Explanation Debit Credit V IJNK T0 TEXT On July 4, Spangler's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 2% service fee. Prepare the entry on Spangler's books related to this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July4 Click if you would like to Show Work for this

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