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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $36,000 of merchandise, which cost

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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $36,000 of merchandise, which cost $27,800, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,600 of merchandise, which cost $3,800, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 1 2 3 4 Sold $36,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits. Transaction 1-a. General Journal Debit Credit >

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