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 blanki) a. Sold merchandise for cash, $25,000. The cost of the goods sold was $17,500. (Record the sale first.) b. Sold merchandise on account, $98,000. The cost of the goods soid was $58,800. (Record the sale first) Received and pald an Involce from National Clearing House Credit Co, for $13,450 representing a service fee paid for processing Mastercare VISA; and American Exprest soles