Mercks accepts the Discovery credit card for credit card sales. Mercks sends credit card receipts to Discovery on a weekly basis. Discovery charges Mercks a 3% fee. Mercks usually receives payment from Discovery within a week. Prepare journal entries to record the following transactions. 
Definitions:
Universality
The quality of being true or applicable in all situations, contexts, or cases.
Self-Actualization
The process by which an individual realizes their own abilities and strives to achieve their full potential.
Humanism
A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively.
Cognitive Perspective
A psychological approach that emphasizes mental processes such as perception, memory, and problem-solving.
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