Exercise 7.5 (Algo) Recording sales made with bank credit cards and American Express, with 8 percent sales tax. LO 7-1 Lisa's Fashion Boutique operates in a state with 8 percent sales tax on all sales. DATE TRANSACTIONS 20X1 Feb. 2 Sold merchandise totaling $4, 300 to customers using bark credit cards. Record the 3 percent discount on credit card sales at time of sale. 15 Sold merchandise totaling $3,800 to customers using American Express, 20 Received amount due from American Express, less their 4 percent discount for sales made by customers using American Express on February 15. Required: Record the above transactions of Lisa's Fashion Boutique in a general journal. (Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet Sold merchandise totaling $4,300 plus tax to customers using bank credit cards. Record the 3 percent discount on credit card sales at time of sale. Note: Enter debits before credits. General Journal Debit Credit Date Feb 2, 20X1 Record entry Clear entry View general journal