Prepare journal entries for the following credit card sales transactions $($the company uses the perpetual inventory system$).$

Sold $$25,000$ of merchandise, which cost $$19,000,$ on Mastercard credit cards. Mastercard charges a $5\%$ fee.

Sold $$5,500$ of merchandise, which cost $$3,250,$ on an assortment of bank credit cards. These cards charge a $4\%$ fee.

Journal entry worksheet

Sold $$25,000$ of merchandise on Mastercard credit cards. Mastercard charges a

$5\%$ fee.