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, $18,130. The cost of t sale first.) sold was $10,880. (Record the b. Sold merchandise on account, $12,660. The cost of the goods sold was $7,600. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $114,290. The cost of the goods sold was $68,570. (Record the sale first.) d. Sold merchandise to customers who used American Express, $53,660. The cost of the goods sold was $32,200. (Record the sale first.) e. Received and paid an invoice from National Clearing House Credit Co. for $5,620, representing a service fee paid for processing MasterCard, VISA, and American Express sales. 88 Check My Work Previous Next