Check m 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. points (2 02:08:41 View transaction list Journal entry worksheet 2 3 4 Sold $37,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits. Transaction General Journal Debit Credit 1-a. Record entry Clear entry View general journal