Business, 01.07.2020 19:01 asimms8504

QS 9-1 Credit card sales LO C1 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). Sold $26,000 of merchandise, which cost $19,800, on Mastercard credit cards. Mastercard charges a 5% fee. Sold $5,600 of merchandise, which cost $3,300, on an assortment of bank credit cards. These cards charge a 4% fee.

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QS 9-1 Credit card sales LO C1 Prepare journal entries for the following credit card sales transacti...