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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
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, $16,950. The cost of the goods sold was $10,170. (Record the sale first.) b. Sold merchandise on account, $8.340. The cost of the goods sold was $5,000 (Record the sale first.) > > c. Sold merchandise to customers who used MasterCard and VISA $117.090. The cost of the goods sold was 570,730. Record the sale first) Previous Check My Work c. Sold merchandise to customers who used MasterCard and VISA, $117,890. The cost of the goods sold was $70,730. (Record the sale first.) II II II II d. Sold merchandise to customers who used American Express, $34,730. The cost of the goods sold was $20,840. (Record the sale first.) Received and paid an invoice from National Clearing House Credit Co, for 55,250, representing a service fee paid for processing MasterCard VISA, and American Express sales Previous Check My Work
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