Question - Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.
Jan. 15 Made Colaw credit card sales totaling $20,000. (There were no balances prior to January 15.)
Jan. 20 Made Visa credit card sales (service charge fee 4%) totaling $5,100.
Feb. 10 Collected $13,200 on Colaw credit card sales.
Feb. 15 Added finance charges of 3% to Colaw credit card account balances.
Journalize the transactions for Colaw Stores.