SalesRelated 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, $ The cost of the goods sold was $Record the sale first.
b Sold merchandise on account, $ The cost of the goods sold was $Record the sale first.
c Sold merchandise to customers who used MasterCard and VISA, $ The cost of the goods sold was $Record the sale first.
d Sold merchandise to customers who used American Express, $ The cost of the goods sold was $Record the sale first.
e Received and paid an invoice from National Clearing House Credit Co for $ representing a service fe paid for processing MasterCard, VISA, and American Express sales.
