Sales-Related Transactions, including the Use of Credit Cards Journalize the entries for the following transactions: - Sold merchandise for cash, $17,570. The cost of the goods sold was $10,540. (Record the sale first.) Cash Sales Cost of Goods Sold b. Sold merchandise on account, $8,760. The cost of the goods sold was $5,260. (Record the sale first.) Sold merchandise to customers who used MasterCard and VISA, 5109,730. The cost of the goods sold was 565,840. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $109,730. The cost of the goods sold was $65,840. (Record the sale first.) 18 d. Sold merchandise to customers who used American Express, $51.240. The cost of the goods sold was $30,740. (Record the sale first.) e. Received and paid an invoice from National Clearing House Credit Co. for $5,450, representing a service fee paid for processing MasterCard VISA, and American Express Sales