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, $34,900. The cost of the goods sold was $24,081.
B.	Sold merchandise on account, $267,200. The cost of the merchandise sold was $184,368.
C.	Sold merchandise to customers who used MasterCard and VISA, $166,200. The cost of the merchandise sold was $114,678.
D.	Sold merchandise to customers who used American Express, $68,700. The cost of the merchandise sold was $47,403.
E.	Received and paid an invoice from National Clearing House Credit Co. for $7,840, representing a service fee paid for processing MasterCard, VISA, and American Express sales.

HART OF ACCOUNTSGeneral Ledger

	ASSETS
110	Cash
120	Accounts Receivable
125	Notes Receivable
130	Inventory
131	Estimated Returns Inventory
140	Office Supplies
141	Store Supplies
142	Prepaid Insurance
180	Land
192	Store Equipment
193	Accumulated Depreciation-Store Equipment
194	Office Equipment
195	Accumulated Depreciation-Office Equipment
	LIABILITIES
210	Accounts Payable
216	Salaries Payable
218	Sales Tax Payable
219	Customer Refunds Payable
220	Unearned Rent
221	Notes Payable

	EQUITY
310	Common Stock
311	Retained Earnings
312	Dividends
313	Income Summary
	REVENUE
410	Sales
610	Rent Revenue

	EXPENSES
510	Cost of Goods Sold
521	Delivery Expense
522	Advertising Expense
524	Depreciation Expense-Store Equipment
525	Depreciation Expense-Office Equipment
526	Salaries Expense
531	Rent Expense
533	Insurance Expense
534	Store Supplies Expense
535	Office Supplies Expense
536	Credit Card Expense
539	Miscellaneous Expense
710	Interest Expense

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Journalize the entries for the transactions on December 31. Refer to the Chart of Accounts for exact wording of account titles.