2S 7-1 (Algo) Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $37,000 of merchandise, which cost $28,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,700 of merchandise, which cost $3,850, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Sold $37,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits. QS 7-1 (Algo) Credit card sales LO C1 Prepare joumal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $37,000 of merchandise, which cost $28,600, on Mastercard credit cards. Mastercard charges a 5% fee 2. Sold $6,700 of merchandise, which cost $3,850, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet wotet toner debes betore creans: QS 7-1 (Algo) Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $37,000 of merchandise, which cost $28,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,700 of merchandise, which cost $3,850, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet 1. Sold $6,700 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Notei Enter debits before credits. QS 7-1 (Algo) Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $37,000 of merchandise, which cost $28,600, on Mastercard credit cards, Mastercard charges a 5% fee. 2. Sold $6,700 of merchandise, which cost $3,850, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Record the cost of the sale, $3,850. twotet linter debis before credits