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 $18,000. (There were no balance prior to January 15.)|
|20||Made Visa credit card sales (service charge fee 2%) totaling $4,500.|
|Feb. 10||Collected $10,000 on Colaw credit card sales|
|15||Added finance charges of 1.5% to Colaw credit card account balances.|
Journalize the transactions for Colaw Stores