Sales-Related Transactions, including the Use of Credit Cards Journalize the entries for the following transactions: (1f an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $20,420. The cost of the goods sold was $12,250. (Record the sale first.) 88 b. Sold merchandise on account, $12,850. The cost of the goods sold was $7,710. (Record the sale first.) 88 c. Sold merchandise to customers who used MasterCard and VISA, 5108,180. The cost of the goods sold was $64,910. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $108,180. The cost of the goods sold was $64,910. (Record the sale first.) d. Sold merchandise to customers who used American Express, $31,960. The cost of the goods sold was $19,180. (Record the sale first.) e. Received and paid an Invoice from National Clearing House Credit Co. for $6,330, representing a service fee paid for processing MasterCard, VISA, and American Express sales