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, $24,600. The cost of the goods sold was $14,760. (Record the sale first.) b. Sold merchandise on account, $8,510. The cost of the goods sold was $5,110. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $111,610. The cost of the goods sold was $66,970. (Record the sale first.) II II II II II II II II d. Sold merchandise to customers who used American Express, $50,060. The cost of the goods sold was $30,040. (Record the sale first.) e. Received and paid an invoice from National Clearing House Credit Co. for $7,630, representing a service fee paid for processing MasterCard, VISA, and American Express sales