Sales-Related Transactions, Including the use of Credit Cards Journalize the entries for the following transactions: a. Sold merchandise for cash, $22,850. The cost of the merchandise sold was $13,720. (Record the sale first.) b. Sold merchandise on account, $13,070. The cost of the merchandise sold was $7,840. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $118,140. The cost of the merchandise sold was $70,880. (Record the sale first.) d. Sold merchandise to customers who used American Express, $33,920. The cost of the merchandise sold was $20,350. (Record the sale first.) e. Paid $7,090 to National Clearing House Credit Co. for service fees for processing MasterCard, VISA, and American Express sales