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Sales-related transactions, including the use of credit cards
Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.)
a. Sold merchandise for cash, $24,440. The cost of the goods sold was $14,660.(Record the sale first.)
2
b. Sold merchandise on account, $8,740. The cost of the goods sold was $5,240.(Record the sale first.)
q,?
c. Sold merchandise to customers who used MasterCard and VISA, $110,120. The cost of the goods sold was $66,070.(Record the sale first.)
d. Sold merchandise to customers who used American Express, $43,220. The cost of the goods sold was $25,930.(Record the sale first.)
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