Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $27,000 of merchandise, which cost $20,600, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $5,700 of merchandise, which cost $3,350, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction llat Journal entry worksheet 2 3 4 Sold $27,000 of merchandise on MasterCard credit cards, MasterCard charges a 5% fee Note: Enter debits before credits General Journal Transaction 1-a Debit Credit Record entry Clear entry View general Journal Prey 1 of 14 SEE MAU Journal entry worksheet Record the cost of the sale, $20,600. Note: Enter debits before credits. Transaction General Journal Debit Credit 1-b. Record entry Clear entry View general journal 1 N 3 4 > Sold $5,700 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits. Transaction General Journal Debit Credit 2-a. Record entry Clear entry View general Journal Journal entry worksheet