Instructions Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note: The company uses a clearinghouse to take care of all bank as well as non-bank credit cards used by its customers.) A. Sold merchandise for cash, $25,000. The cost of the goods sold was $17,500. B. Sold merchandise on account, $98,000. The cost of the goods sold was $58,800 C. Sold merchandise to customers who used MasterCard and VISA, $475,000. The cost of the goods sold was $280,000. D. Sold merchandise to customers who used American Express, $63,000. The cost of the goods sold was $39,000. E. Received an invoice from National Clearing House Credit Co. for $13,450, representing a service fee paid for processing MasterCard, VISA, and American Express sales. Check My Work Previous Next

as non bank eredit candin used by its customersy A. Seld merchandise for cash, 525,000 . The cont of the apods sild was $17,500. 8. Sold metcturndise on account $98,000. The cost of the goeds sola was $58,800. C. Sold miertandse to ristomers wto used MasserCard and VISA $775,000. The cost of the goods sold was $200,000. 0. Sold merchandse io customers who used American Express, $63,000. The cost of the gooes sold was $39,000 and American Express sales