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Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $32,000 of merchandise, which cost $24.600,
Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $32,000 of merchandise, which cost $24.600, on Mastercard credit cards. Mastercard charges a 5% fee 2. Sold $6,200 of merchandise, which cost $3,600 on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet Sold $32,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debits before credits General Journal Debit Transaction Credit View general journal Clear entry Record entry RTC Carus. These View transaction list Journal entry worksheet Record the cost of the sale, $24,600. Note: Enter debits before credits Transaction General Journal Debit Credit 1-5 Record entry Clear entry View general journal e 1. Sold $32,000 of merchandise, which cost $24,600 on Mastercard credit cards. Mastercard charges a 5 fee 2. Sold $6,200 of merchandise, which cost $3,600, on an assortment of bank credit cards. These cards charge a 4 fee View transaction list Journal entry worksheet Sold $6,200 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits Debit Credit Transaction General Journal Clear entry Record entry ADd222 PM TI DOLL U DULJ S uns (the company uses the perpetual inventory system 1. Sold $32,000 of merchandise, which cost $24,600 on Mastercard credit cards. Mastercard charges a 5% fee 2. Sold $6.200 of merchandise, which cost $3,600, on an assortment of bank credit cards. These cards charge a 4 fee Book View transaction list Journal entry worksheet Hint 222 PM AP1. 9
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