Accounting for Credit Card Sales}

Jarrod's Meat Shop doubles as a butcher shop and a sandwich shop that sells to both individuals and a nearby hospital system. On a particular day, Jarrod's had cash sales of \(\$ 450\), credit sales of \(\$ 600\), sales on MasterCard of \(\$ 657\), and sales on Visa of \(\$ 923\). The sales on credit cards incur merchant charges of \(1.6 \%\) for MasterCard and \(1.9 \%\) for Visa.

\section*{Required:}

Prepare a journal entry to record these sales.

\section*{Brief Exercise