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a. Sold merchandise for cash, $25,000. The cost of the goods sold was $17.500. (Record the sale first.) b. Sold merchandise on account, $98,000. The

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a. Sold merchandise for cash, $25,000. The cost of the goods sold was $17.500. (Record the sale first.) b. Sold merchandise on account, $98,000. The cost of the goods sold was $58,800. Record the sale first.) Sold merchandise to customers who used MasterCard and VISA, 5475,000. The cost of the goods sold was $280,000 (Record the sale first.) d. Sold mercyndise to customers who used American Express, $63,000. The cost of the goods sold was $39.000. (Record the sale first.) e. Reived and paid an invoice from National Clearing House Credit Co. for $13.450 representing a service fee paid for processing MasterCard, VISA, and American Express sales. H

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