Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system, 1. Sold $31.000 of merchandise that cost $23,800, on MasterCard credit cards. MasterCard charges a 5% fee 2. Sold $6100 of merchandise that cost $3,550, on an assortment of bank credit cards. These cards charge a 45 tee View transaction lit Journal entry worksheet 3 Sold $31.000 of merchandise on MasterCard credit cards MasterCard charges asfee De our View transaction list Journal entry worksheet 1 2 Sold $31,000 of merchandise on MasterCard credit cards. MasterCard charges a 5% fee. Note: Enter debts before credits Transaction General Journal Debit Credit Cash Credit card expense Sales