Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: a. Sold merchandise for cash, $24,790. The cost of the merchandise sold was $14,870. (Record the sale first.) b. Sold merchandise on account, $13,800. The cost of the merchandise sold was $8,280. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $119,040. The cost of the merchandise sold was $71,420. (Record the sale first.) d. Sold merchandise to customers who used American Express, $37,950. The cost of the merchandise sold was $22,770. (Record the sale first.) e. Paid $7,680 to National Clearing House Credit Co. for service fees for processing MasterCard, VISA, and American Express sales