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Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. ( Note: The company uses a
Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. Note: The company uses a clearingh as well as nonbank credit cards used by its customers.
Mar. Sold merchandise for cash, $ The cost of the merchandise sold was $
Sold merchandise on account, $ The cost of the merchandise sold was $
Sold merchandise to customers who used MasterCard and VISA, $ The cost of the merchandise sold was $
Sold merchandise to customers who used American Express, $ The cost of the merchandise sold was $
Received and paid an invoice from National Clearing House Credit Co for $ representing a service fee paid for processing MasterCard, VISA, and American Express sales.
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