Try another version of this question Peru Furniture City, Inc., sold $76,000 of furniture in May to customers who used their American Express Credit Cards. Such sales are subject to a 2% discount by American Express (a nonbank credit card). Prepare journal entries to record the sales and the subsequent receipt of cash from the credit card company. Use the same information as above, but assume the credit cards used were VISA cards (a bank credit card). Date Description Debit Credit May 31 May 31 May 31 June 15 June 15 Date Description Debit Credit May 31 May 31 June 15 June 15 Date Description Debit Credit May 31 A/R-American Express 74,480 May 31 Credit Card Expense 1,520 May 31 Sales Revenue 76,000 June 15 Cash 74,480 June 15 A/R-American Express 74,480 Date Description Debit Credit May 31 Cash 76,000 May 31 Sales Revenue 76,000 June 15 Credit Card Expense 1,520 June 15 Cash 1,520