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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $33,000 of merchandise, which cost $25,400,
Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $33,000 of merchandise, which cost $25,400, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,300 of merchandise, which cost $3,650, on an assortment of bank credit cards. These cards charge a 4% fee. 02:32:47 View transaction list Journal entry worksheet 2 1 Sold $33,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits Transaction General Journal Dobit Credit 1-a Record entry Clear entry View general Journal
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