On March 3rd, Blowout Sales makes $3,450.00 in cash sales of general merchandise which have a cost of S1,215.00. Blowout uses a perpetual inventory system. (a) Journalize the sale event. . Using the perpetual inventory system, ournalize the entries for the following selected transactions: Sold merchandise on account, for $12,000. The cost of the merchandise sold was $6,500. Sold merchandise to customers who used MasterCard and VISA, $9,500. The cost of the merchandise sold was $5,300. Sold merchandise to customers who used American Express, $2,900. The cost of the merchandise sold was $1,700. Paid an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales. Received $4,325 from American Express Company after a $115 collection fee had been deducted. (a) (b) (e) (d) (e)