Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $22,100. The cost of the goods sold was $13,260. (Record the sale first.) b. Sold merchandise on account, $9,710. The cost of the goods sold was $5,830. (Record the sale first,) c. Sold merchandise to customers who used MasterCard and VISA, $109,510. The cost of the goods sold was $65,710. (Record the sale first.) d. Sold merchandise to customers who used American Express, $50,770. The cost of the goods sold was $30,460. (Record the sale first.) e. Received and paid an invoice from National Clearing House Credit Co. for $6,850, representing a service fee paid for processing MasterCard, VISA, and American Express sales. 819 PM