Credit Card Sales Ruth Anne's Fabrics accepts cash, personal checks, and two credit cards when customers buy merchandise. With the

Great American Bank Card, Ruth Anne's Fabrics receives an immediate deposit in its checking account when credit card sales slips are

deposited at the bank. The bank charges a $4\%$ fee. With the United Merchants Card, Ruth Anne's Fabrics mails the credit card sales slips

to United Merchants' regional processing center each day. United Merchants accumulates these slips for three days and then mails a

check to Ruth Anne's Fabrics, after deducting a $3\%$ fee. Prepare journal entries to record the following:

Round to the nearest dollar.

a$.$