Instructions Journalize the entries for the following transactions Refer to the Chart of Accounts for exact wording of account Note The company bank credit cards ined by somers) A Sold methandre for canh $25.000 The conhecid was $175.00 Somerhansen account 5000. The cost of the good was 58.600 Somerhand customers who we add VISA 5475.000 The cost of the good was $280,000 Se merchandise atomers who used can Express 33,000 The cost od 8.000 E Recentom na Clearing Credit for $13.450 g service and for processing Monte VISA Express CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Rent Revenue EXPENSES 510 Cost of Goods Sold 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense LIABILITIES 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 220 Uneamed Rent 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Journal Journalize the entries for the transactions on December 31. Refer to the Chart of Accounts for exact wording of account titles ACTIVITI ASSETS EQUITI DATE DESCRIPTION POSTRES DEBIT CREDIT 3 1 Journalize the entries for the following transactions Refer to the Chart of Accounts for exact wording of account titles. (Nore. The company uses a chearingos bank credit cards used by its customers) A Sold merchandise for cash, $25,000. The cost of the goods sold was $17,600 8. Sold merchandise on account, 508,000 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, 663,000 The cost of the goods sold was $29,000 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