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.) Mar. 1 Sold merchandise for cash, $31,600. The cost of the merchandise sold was $12,640. 10 Sold merchandise on account, $259,000. The cost of the merchandise sold was $103,600. 12 Sold merchandise to customers who used MasterCard and VISA, $153,000. The cost of the merchandise sold was $61,200. 17 Sold merchandise to customers who used American Express, $73,800. The cost of the merchandise sold was $29,520. 31 Received and paid an invoice from National Clearing House Credit Co. for $8,000, representing a service fee paid for processing MasterCard, VISA, and American Express sales.