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, $22,540. The cost of the goods sold was $13,520. (Record the sale first.) b. Sold merchandise on account, $9,460. The cost of the goods sold was $5,680. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $115,530. The cost of the goods sold was $69,320. (Record the sale first.) II II II II II II II II II III II d. Sold merchandise to customers who used American Express, $45,830. The cost of the goods sold was $27,500. (Record the sale first.)