Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $22,000 of merchandise, which cost $16,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $5,200 of merchandise, which cost $3,100, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Sold $22,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits. repare Journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $22,000 of merchandise, which cost $16,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $5,200 of merchandise, which cost $3,100, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Note: Enter aebits before credits Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $22,000 of merchandise, which cost $16,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $5,200 of merchandise, which cost $3,100, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet Sold $5,200 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits. Prepare joumal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $22,000 of merchandise, which cost $16,600, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $5,200 of merchandise, which cost $3,100, on an assortment of bank credit cards. These cards charge a 4% fee. Journal entry worksheet