QS 7-1 Credit card sales LO C1

Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).

1. Sold $27,000 of merchandise, which cost $20,600, on Mastercard credit cards. Mastercard charges a 5% fee.
2. Sold $5,700 of merchandise, which cost $3,350, on an assortment of bank credit cards. These cards charge a 4% fee.

Chowk Felpa Check my work OS 7-1 Credit card sales LO C1 Praperjamil the ingredienciencia com HR--- PPR - Gim mis 1. Sabowo MCERC Helmets 3. Se 700 merrhenter with $220.- Teeme T- Arrhears Journal entry worksheet -Y SM270 Accouncible Gotardos. ) 1 : Caddesince T. Out Clareny Verenler