Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system) sold $34,000 of merchandise, that cost $26,200, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $.6,400 of merchandise, that cost $3,700, on an assortment of bank credit cards. These cards charge a 4% fee Journal entry worksheet Sold $34,000 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