Sales-related transactions, including the use of credit cards Journalize the entries for the following transactions: Sold merchandise for cash. $30,000. The cost of the merchandise sold was $18,000. Sold merchandise on account, $258,000. The cost of the merchandise sold was $ 154.800. Sold merchandise to customers who used MasterCard and VISA, $160,000. The cost of the merchandise sold was $96,000. Sold merchandise to customers who used American Express, $72,000. The cost of the merchandise sold was $43.200. Received an invoice from National Clearing Mouse Credit Co. for $8, 800, representing a service fee paid for processing MasterCard, VISA, and American Express sales