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, $27,700. The cost of the goods sold was $14,681.
B.	Sold merchandise on account, $250,000. The cost of the merchandise sold was $132,500.
C.	Sold merchandise to customers who used MasterCard and VISA, $161,700. The cost of the merchandise sold was $85,701.
D.	Sold merchandise to customers who used American Express, $72,000. The cost of the merchandise sold was $38,160.
E.	Received and paid an invoice from National Clearing House Credit Co. for $8,610, representing a service fee paid for processing MasterCard, VISA, and American Express sales.

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DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY