Answer:
1a. Dr Cash $31,350
Dr Cash expense $1,650
Cr sales $33,000
1b. Dr Cost of goods sold $25,400
Cr Merchandize inventory$25,400
2a. Dr Cash $6,048
Dr Cash expense $252
Cr Sales $6,300
2b. Dr Cost of goods sold $3,650
Cr Merchandize inventory$3,650
Explanation:
Preparation of the journal entries for the credit card sales transactions using the perpetual inventory system
1a. Dr Cash $31,350
($33,000-$1,650)
Dr Cash expense $1,650
($33,000 × 5% = $1,650)
Cr Sales $33,000
1b. Dr Cost of goods sold $25,400
Cr Merchandize inventory$25,400
2a. Dr Cash $6,048
(6300-252)
Dr Cash expense $252
($6,300 × 4% = $252)
Cr sales $6,300
2b. Dr Cost of goods sold $3,650
Cr Merchandize inventory$3,650