Journalize the entries for the following transactions: Hide Hint(s) a. Sold merchandise for cash, $17,170. The cost of the merchandise sold was $10,300. (Record the sale first.) Accounts Payable 17170 17170 10300 Merchandise Inventory 10300 Hide Feedback Partially Correct Check My Work Feedback (a-d) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and payment method (cash or on account) and (2) for the cost of the merchandise sold and inventory. Learning Objective 2. Hide b. Sold merchandise on account, $11,410. The cost of the merchandise sold was $6,850. (Record the sale first.) 11410 11410 6850 6850 Hide Feedback Partially Correct Check My Work Feedback (a-d) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and payment method (cash or on account) and (2) for the cost of the merchandise sold and inventory. Learning Objective 2. Hide c. Sold merchandise to customers who used MasterCard and VISA, $111,230. The cost of the merchandise sold was $66,740. (Record the sale first.) 111230 111230 66740 66740 Hide Feedback Partially Correct Check My Work Feedback (a-d) Record transactions from the seller's perspective. Keep in mind that two entries are required for each transaction: (1) for the sale and payment method (cash or on account) and (2) for the cost of the merchandise sold and inventory. Learning Objective 2. Hide d. Sold merchandise to customers who used American Express, $32,860. The cost of the merchandise sold was $19,720. (Record the sale first.) 32860 32860 19720 19720