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	Paid $8,000, to National Clearing House Credit Co. for service fees for processing MasterCard, VISA, and American Express sales.