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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $31,000 of merchandise, which cost $23,800,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $31,000 of merchandise, which cost $23,800, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,100 of merchandise, which cost $3,550, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Sold $31,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Sold $6,100 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits

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