Mar. 1 Sold merchandise for cash, $34,200. The cost of the merchandise sold was $23,940. Sold merchandise on account, $255,400. The cost of the merchandise sold was $178,780. 12 Sold merchandise to customers who used MasterCard and VISA, $168,200. The cost of the merchandise sold was $117,740. 17 Sold merchandise to customers who used American Express, $70,500. The cost of the merchandise sold was $49,350. 31 Paid \$8,930, to National Clearing House Credit Co. for service fees for processing MasterCard, VISA, and American Express sales. credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Mar. 1 Purchased $42,700 of merchandise from Foster Co. on account, terms 2/10,n/30. Paid the amount owed on the invoice within the discount period. 11 Discovered that $8,000 of the merchandise purchased on Mar. 1 was defective and returned items, receiving credit. Purchased $6,100 of merchandise from Foster Co. on account, terms n/30 20 Received a refund from Foster Co. for return on Mar. 11 less the purchase on Mar. 18