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Prepare journal entries for the following credit card sales transactions ( the company uses the perpetual inventory system ) . Sold $ 3 2 ,

Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).
Sold $32,000 of merchandise, which cost $24,600, on Mastercard credit cards. Mastercard charges a 5% fee.
Sold $6,200 of merchandise, which cost $3,600, on an assortment of bank credit cards. These cards charge a 4% fee.
Journal entry worksheet
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Sold $32,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1-a.,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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