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, $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 sold was $58,800. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $475,000. The cost of the goods sold was $280,000. (Record the sale first.) Previous Next

Silutrulutied transactions, indaling the use if eredit cartu