Business, 08.11.2019 20:31 mruffier6239

Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system).

1.sold $29,000 of merchandise, which cost $22,200, on mastercard credit cards. mastercard charges a 5% fee.
2.sold $5,900 of merchandise, which cost $3,450, 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...

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