Try another version of this question Peru Furniture City, Inc., sold $78,000 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 76,440 May 31 Credit Card Expense 1,560 May 31 Sales Revenue 78,000 June 15 Cash 76,440 June 15 A/R-American Express 76,440 Date Description Debit Credit May 31 Cash 78,000 May 31 Sales Revenue 78,000 June 15 Credit Card Expense 1,560 June 15 Cash 1,560