ook Calculator Show Me How Mes-Related Transactions, Including the use of Credit Cards urnalize the entries for the following transactions: .. Sold merchandise for cash, $25,060. The cost of the goods sold was $15,040. (Record the sale first.) b. Sold merchandise on account, $14,350. The cost of the goods sold was $8,610. (Record the sale first.) 11 c. Sold merchandise to customers who used MasterCard and VISA, $119,240. The cost of the goods sold was $71,540. (Record the sale first.) O OT DOMOO O OOO d. Sold merchandise to customers who used American Express, $54,280. The cost of the goods sold was $32,570. (Record the sale first.) v e. Received and paid an involce from National Clearing House Credit Co. for $7,770, representing a service fee paid for processing MasterCard, VISA, and American Express Sales Check My Work Previous Next