Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system) 1. Sold $20,000 of merchandise, which cost $15,000, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $5,000 of merchandise, which cost $3,000, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet ht ences 1 2 3 4 Sold $20,000 of merchandise on Mastercard credit cards, Mastercard charges a 5% fee. Note: Enter debuts before credits General Journal Debit Credit Transaction 1-a View transaction list Journal entry worksheet Record the cost of the sale, $15,000. Note: Enter debits before credits. General Journal Debit Credit Transaction 1-b. Record entry Clear entry View general journal Prev 1 of 15 Next > View transaction list Journal entry worksheet Sold $5,000 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits. General Journal Debit Credit Transaction 2-a. Record entry Clear entry View general journal View transaction list Journal entry worksheet