Calculating Merchant Fees

Lockey Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Oliver Bank Card, a $4\%$ service charge for credit card sales is assessed. The second credit card that Lockey accepts is the Cooper Card. Cooper assesses a $2\mathrm{.}5\%$ charge on sales for using its card.

November

$8$ Sold merchandise for $$6,000($that had cost $$4,434)$ and accepted the customer's Olivers's Bank Card.

$12$ Sold merchandise for $$5,600($that had cost $$3,629)$ and accepted the customer's Cooper Card.

Prepare journal entries to record the above selected credit card transactions of Lockey Company. $($Round your answers to the nearest whole dollar amount.$)$

$\backslash$table$[[$No$,$Date,,General Journal,Debit,Credit$]$