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need help with accounting question Joumalize the entries for the following transactions. Refer to the char of accounts for the exact wording of the account
need help with accounting question Joumalize the entries for the following transactions. Refer to the char of accounts for the exact wording of the account ntles. CNOW joumais do not use Ines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a crodit amount is entered, (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, \$116,300. The cost of the merchandise sold was $72,000. 10 Sold merchandise on account, $755,000. The cost of the merchandise sold was $400,000. 12. Sold merchandise to customers who used MasterCard and VISA, $1,950.000. The cost of the merchandise sold was $1,260,000. 17. Sold merchindise to customers who used American Express, 5930,000 . The cost of the merchandise sold was $230,000. 31 Paid \$91,500 to National Clearing House Credit Co. for servioe lees for procesaing MasterCard, VISA, and American Express sales
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