QS9-1 Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system) 1. Sold $25,000 of merchandise, which cost $19.000, on Mastercard credit cards. Mastercard charges a 5% fee. 2. Sold $5,500 of merchandise, which cost $3.250, on an assortment of bank credit cards. These cards charge a 4% fee View transaction list Journal entry worksheet 1 2 3 4 Sold $25,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Notes Enter debits before credits SU UU U ILIIGIR, WILLOU, ORRI UR VOTI LIEU Laru View transaction list Journal entry worksheet 1 2 3 4 Sold $25,000 of merchandise on Mastercard credit cards. Mastercard charges a 5% fee. Note: Enter db before credits General Joumal Debit Credit View all