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Sales-Related Transactions, Including the Use of Credit Cards Joumalize the entries for the following transactions: a. Sold merchandise for cash, $22,820. The cost of the
Sales-Related Transactions, Including the Use of Credit Cards Joumalize the entries for the following transactions: a. Sold merchandise for cash, $22,820. The cost of the merchandise sold was $13,690. (Record the sale first b. Sold merchandise on account. $14.220. The cost of the merchandise sold was $8,530. (Record the sale first.) O O O OLIO c. Sold merchandise to customers who used MasterCard and VISA. 5114,040. The cost of the merchandise sold was $68,420. (Record the sale first.) d. Sold merchandise to customer who used American Express $4100 The cost of the merchandise sold was $28.420. Record the sale first c. Sold merchandise to customers who used MasterCard and VISA, $114,040. The cost of the merchandise sold was $68,420. (Record the sale fi O O O O O C OOOO d. Sold merchandise to customers who used American Express, $47,360. The cost of the merchandise sold was $28,420. (Record the sale first.) e. Paldis7.070 to National Clearing House Credit Co, for service fees for processing MasterCard, VISA, and American Express Sales
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