Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $32,000 of merchandise, which cost $24,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,200 of merchandise, which cost $3,600, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 2 3 4 Sold $32,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet 4 Record the cost of the sale, $24,600. Note: Enter debits before credits. General Journal Debit Credit Transaction 1-b. Journal entry worksheet
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