Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $30,000 of merchandise, which cost $23,000, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,000 of merchandise, which cost $3,500, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 1 23 Sold $30,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits. Transaction 1-a. General Journal Debit Credit Record entry Clear entry View general journal