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Prepare journal entries for the folowing creat card sales transactions (the company uses the perpetual...

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Accounting

Prepare journal entries for the folowing creat card sales transactions (the company uses the perpetual inventory system

27

1Sold $25,000 of merchandisewhich cost $19,000on Mastercard credit cards Mastercard charges a 5% fee 2Sold $5,500 of merchandise, which cost $3,250, on an assortment of bank credit cardsThese cards charge a 4% tee

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