sold $29,000 of merchandise that cost $22,200

Help Save & Exit Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $29,000 of merchandise, that cost $22,200, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $5,900 of merchandise, that cost $3,450, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet 2 3 Sold $29,000 of merchandise on MasterCard credit cards, MasterCard charges a 5% fee. Note: Enter debits before credits Transaction General Journal Debit Credit