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, $30,000. The cost of the merchandise sold was $18,000. 10 Sold merchandise on account, $258,000. The cost of the merchandise sold was $154,800. 12 Sold merchandise to customers who used MasterCard and VISA, $160,000. The cost of the merchandise sold was $96,000. 17 Sold merchandise to customers who used American Express, $72,000. The cost of the merchandise sold was $43,200. 31 Received and paid an invoice from National Clearing House Credit Co. for $8,800, representing a service fee paid for processing MasterCard, VISA, and American Express sales.