Mercks Uses the Perpetual Inventory System,and Accepts the Discovery Credit

Mercks uses the perpetual inventory system,and accepts the Discovery credit card for credit card sales.Discovery charges Mercks a 3% fee,and all credit card receipts deposited are credited to the company account on the day of deposit.Prepare journal entries to record the following transaction.
$$\begin{array} { | l | l| } \hline\text { March } 11 & \begin{array} { l } \text { Sold merchandise for } \$ 4,500 \text { (that had cost } \$ 2,100 ) \text { and accepted the } \\\text { customer's Discovery card. }\end{array}\\\hline\end{array}$$

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\[\begin{array} { l l l }
\text { March...

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