Check my work QS 7-1 Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system) 1. Sold $30,000 of merchandise, that cost $23,000, on MasterCard credit cards, MasterCard charges a 5% fee. 2. Sold $6,000 of merchandise, that cost $3,500, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet Sold $30,000 of merchandise on MasterCard credit cards. MasterCard charges a 5% fee. Note: Enter debits before credits Debit Credit General Journal 1-a. Clear entry