Cornerstone Exercise 5-33 (Algorithmic) Accounting for Credit Card Sales Frank's Tattoos and Body Piercing operates near campus. At the end of a recent day, Frank's cash register included credit card documents for the following sales amounts: MasterCard $756 Visa 486 The merchant's charges are 1.8% for MasterCard and 2.1% for Visa, Frank's also had cash sales of $375 and $1,000 of sales on credit to a local business Required: Prepare a journal entry to record these sales. If an amount box does not require an entry, leave it blank. Round intermediate calculations and final answers to two decimal places, if required. Cash 159,319 XL Accounts Receivable 100.000 X Service Charge Expense 23.82 Sales Revenue D 2017 Record sales Feedback hy Work Bank credit cards, like Visa and MasterCard, pay the merchant the amount of each sale less a service charge on the date of purchase