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Journalize the entries for the following transactions: a. Sold merchandise for cash, $6,900. The… 1 answer below » Journalize the entries for the following transactions: a. Sold merchandise for cash, $6,900. The cost of the merchandise sold was $4,830. b. Sold merchandise on account, $7,500. The cost of the merchandise sold was $5,625. c. Sold merchandise to customers who used MasterCard and VISA , $10,200. The cost of the merchandise sold was $6,630. d. Sold View complete question » Journalize the entries for the following transactions: a. Sold merchandise for cash, $6,900. The cost of the merchandise sold was $4,830. b. Sold merchandise on account, $7,500. The cost of the merchandise sold was $5,625. c. Sold merchandise to customers who used MasterCard and VISA , $10,200. The cost of the merchandise sold was $6,630. d. Sold merchandise to customers who used American Express, $7,200. The cost of the merchandise sold was $5,040. e. Paid an invoice from City National Bank for $675, representing a service fee for process- ing MasterCard and VISA sales. f. Received $6,875 from American Express Company after a $325 collection fee had been deducted. View less » Dec 10 2015 03:27 PM
