prepare journal entries ignore any inventory or cost of goods sold

View Policies Current Attempt in Progress Shamrock Stores has been in business for several years, uses a perpetual inventory system and has its own credit card, called Shamrock Credit, The business also accepts debit cards, and bank credit cards (Visa and MasterCard) as payment for sales, Shamrock is charged 4% for all bank credit card transactions and $0.50 per debit card transaction. Transactions for the business are shown below: May 1 Sales totalled $6,340. Of this amount. $2,200 of the sales were charged on the Shamrock Credit card and the remainder were cash sales. 15 Sales totalled $1,175. Of this amount. $700 of the sales were charged on the Shamrock Credit card and the remainder was paid for using Visa credit cards. 20 Received payments totalling $2,700 from Shamrock Credit card customers. 22 Sold goods totalling $1,400 to customers who used the Shamrock Credit card for payment. Sales totalled $3,200. Of this amount. $500 of the sales were charged on the Shamrock Credit card, and $2.700 was 30 paid for using MasterCard. 31 Sales totalled $3,900. All (140 transactions) were debit card transactions. June 1 Added interest charges of $675 to outstanding Shamrock credit card balances