Sales on credit and sales on credit cards Cl Archer Co. completed the following transactions and uses a perpetual inventory system. Aug. 4 Sold $3,700 of merchandise on credit (that had cost $2,000 ) to McKenzie Carpenter, terms n10. 10 Sold $5,200 of merchandise (that had cost $2,800 ) to customers who used their Commerce Bank credit cards. Commerce charges a 3\% fee. 11 Sold $1,250 of merchandise (that had cost $900 ) to customers who used their Goldman cards. Goldman charges a 2% fee 14 Received Carpenter's check in full payment for the August 4 purchase. 15 Sold $3,250 of merchandise (that had cost $1,758 ) to customers who used their Goldman cards. Goldman charges a 2% fce. 22 Wrote off the account of Craw Co. aganst the Allowance for Doubtful Accounts. The $498 balance in Craw Co.'s account was from a credit saic last year Required Prepare journal entries to record these transactions and events. Check Aug. 14, Dr. Cash. 53,700