QS 7-1 Credit card sales LO C1 1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system), 1. Sold $39,000 of merchandise, which cost $30,200, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $6,900 of merchandise, which cost $3,950, on an assortment of bank credit cards. These cards charge a 4% fee. eBook View transaction list Hint Print Journal entry worksheet 3 2 References Sold $39,000 of merchandise bn Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Prepare journal entries for the following credit card sales transactions (the company uses the perpetual i 1. Sold $39,000 of merchandise, which cost $30,200, on Mastercard credit cards. Mastercard charges a 2. Sold $6,900 of merchandise, which cost $3,950, on an assortment of bank credit cards. These cards View transaction list Journal entry worksheet 1 LLLLLLLL MALA 3 Record the cost of the sale, $30,200. Note: Enter debits before credits Transaction General Journal Debit Credit 1-b. Record entry Clear entry View general Journal QS 7-1 Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetua 1. Sold $39,000 of merchandise, which cost $30,200, on Mastercard credit cards. Mastercard charges 2. Sold $6,900 of merchandise, which cost $3,950, on an assortment of bank credit cards. These card View transaction list Journal entry worksheet Sold $6,900 of merchandise on an assortment of bank credit cards. These cards charge a 4% fee. Note: Enter debits before credits. Transaction General Journal Debit Credit 2-a. Record entry Clear entry View general journal work QS 7-1 Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inver 1. Sold $39,000 of merchandise, which cost $30,200, on Mastercard credit cards. Mastercard charges a 5% 2. Sold $6,900 of merchandise, which cost $3,950, on an assortment of bank credit cards. These cards charg View transaction list Journal entry worksheet