Format Painter 70 Clipboard Font Alignment Numb L15 B G H 1 Calculating Merchant Fees Lockey Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Oliver Bank Card, a 4% service charge for credit card sales is assessed. The second credit card that Lockey accepts is the Cooper Card. Cooper assesses a 2.5% charge on sales for using its card. 2 3 November 8 Sold merchandise for $6,000 (that had cost $4,434) and accepted the customer's Olivers's Bank Card 4 12 Sold merchandise for $5,500 (that had cost $3.629) and accepted the customer's Cooper Card. 6 Prepare journal entries to record the above selected credit card transactions of Lockey Company (Round your answers to the nearest whole dollar amount.) 7 8 Page 9 No Date General Journal Debit Credit 1 10 11 12 13 14 15 16 17 18 19 2 20 21 22 23 24 25 26 27 28 29 30 31 Problem 1 AC107 Unit 7 Mercha.. chrome:/ewtab - G.. Unit 7 Assignment