E8-11B. Credit Card Sales The Kitchen Store accepts cash, personal checks, and two credit cards when customers buy merchandise. With the Great American Bank Card, The Kitchen Store receives an immediate deposit in its checking account when credit card sales slips are deposited at the bank. The bank charges a three percent fee. With the United Merchants Card, The Kitchen Store 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 The Kitchen Store, after deducting a two percent fee. Prepare joumal entries to record the following: a Sales for March 15 were as follows: b. Received a check for $9,250 from United Merchants on March 20