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Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $25,000.

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Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $25,000. The cost of the goods sold was $17.500. (Record the sale first.) Inventory X Accounts Payable X Feedback b. Sold merchandise on account, $98,000. The cost of the goods sold was $58,800. (Record the sale first.) Feedback c. Sold merchandise to customers who used MasterCard and VISA, $475,000. The cost of the goods sold was $280,000. (Record the sale st.) 10 Foedback d. Sold merchandise to customers who used American Express, $63,000. The cost of the goods sold was $39,000 (Record the sale first.) Il e Received and paid a welcominal Cracing House Credit Co. for $13.450 representing a service fee paid for processing MasterCard, VISA, and American Lite 88

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