Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $20,000 of merchandise, that cost $15,000. on MasterCard credit cards, MasterCard charges a 5% fee. 2. Sold $5,000 of merchandise, that cost $3,000, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 1 2 3 4 > Sold $20,000 of merchandise on MasterCard credit cards. MasterCard charges a 5% fee. Note: Enter debits before credits Transaction General Journal Debit Credit 1-a Prey 1 of 11 Next > Seved 2 Connect Assignment Week 9 Ch 9 & 11 1 1. Sold $20,000 of merchandise, that cost $15,000, on MasterCard credit cards, MasterCard charges a 5% fee. 2. Sold $5,000 of merchandise, that cost $3.000, on an assortment of bank credit cards. These cards charge a 4% fee, View transaction list Journal entry worksheet Print 1 2 3 erences Record the cost of the sale, $15,000. Note Enter debits before credits Transaction General Journal Debit Credit 1.b Prey 1 of 11 : Next > Connect 1 1. Sold $20,000 of merchandise, that cost $15,000, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $5,000 of merchandise, that cost $3,000, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Door Journal entry worksheet 2 3 4 Sold $5,000 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debts before credits General Journal Debit Credit Tramaction 2-a onnect ASSIS 1. Sold $20,000 of merchandise, that cost $15,000. on MasterCard credit cards. MasterCard charges a 5% ee 2. Sold $5,000 of merchandise, that cost $3,000, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 2 3 1 aces Record the cost of the sale, $3,000. Note: Enter debits before credits General Journal Debit Credit Transaction 2.b