Sales related transactions including the use of credit cards Journalize the entries for the following transactions: A. Sold merchandise for cash, $16,950. The cost of the merchandise was sold at $10,170 (record the sale first.) ______ ______ ______ ______ B.Sold merchandise on account, $ 14,490. The cost of the merchandise sold was $8,690. (Record sale first.) ______ ______ ______ ______ C. Sold merchandise to customers who used MasterCard and Visa $113, 190. The cost of the merchandise sold was $67,910. (Record the sale first.) _____ _____ _____ _____ D. Sold merchandise to customers who used American Express, $43,100. The cost of the merchandise sold was $25,860. (Record the sale first.) _____ _____ _____ _____ E. Paid $5,250 to the national clearing House Credit company for service fees for processing mastercard, visa, and American Express sales.
Sales related transactions including the use of credit cards
A. Sold merchandise for cash, $16,950. The cost of the merchandise was sold at $10,170 (record the sale first.)
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B.Sold merchandise on account, $ 14,490. The cost of the merchandise sold was $8,690. (Record sale first.)
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C. Sold merchandise to customers who used MasterCard and Visa $113, 190. The cost of the merchandise sold was $67,910. (Record the sale first.)
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D. Sold merchandise to customers who used American Express, $43,100. The cost of the merchandise sold was $25,860. (Record the sale first.)
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E. Paid $5,250 to the national clearing House Credit company for service fees for processing mastercard, visa, and American Express sales.
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