Business, 23.11.2019 00:31, 2020seogang

Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).
a. sold $36,000 of merchandise, which cost $27,800, on mastercard credit cards. mastercard charges a 5% fee.
b. sold $6,600 of merchandise, which cost $3,800, on an assortment of bank credit cards. these cards charge a 4% fee.

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Prepare journal entries for the following credit card sales transactions (the company uses the perpe...