Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system) 1. Sold $38,000 of merchandise, that cost $29,400, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,800 of merchandise, that cost $3,900, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet Sold $38,000 of merchandise on MasterCard credit cards. MasterCard charges a 5% fee. Note: Enter debits before credits. Transaction General Journal Debit Credit 1-a. Record entry Clear entry View general journal Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $38,000 of merchandise, that cost $29,400, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,800 of merchandise, that cost $3,900, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 2 3 4 > Record the cost of the sale, $29,400. Note: Enter debits before credits. General Journal Debit Credit Transaction 1-b. Record entry Clear entry View general journal Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $38,000 of merchandise, that cost $29,400, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,800 of merchandise, that cost $3,900, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet Sold $6,800 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 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $38,000 of merchandise, that cost $29,400, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,800 of merchandise, that cost $3,900, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 1 2 3 4 > Record the cost of the sale, $3,900. Note: Enter debits before credits. General Journal Debit Credit Transaction 2-b. Record entry Clear entry View general journal