Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). Sold $37,000 of merchandise, which cost $28,600, on Mastercard credit cards. Mastercard charges a 5% fee.

Sold $6,700 of merchandise, which cost $3,850, on an assortment of bank credit cards. These cards charge a 4% fee. Sold $6,700 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Enter journal entry.