10 points 5. Journalize the entries for the following selected transactions: Show work in T...
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Accounting
10 points 5. Journalize the entries for the following selected transactions: Show work in T accounts a. Sold merchandise on account, for $12,000. The cost of the merchandise sold was $6,000. b. Sold merchandise to customers who used MasterCard and VISA, $10,000. The cost of c. Sold merchandise to customers who used American Express, $4,200. The cost of the d. Paid an invoice from First National Bank for $610, representing a service fee for e. Received $3,950 from American Express Company after a $250 collection fee had been the merchandise sold was $3,950. merchandise sold was $3,100. processing MasterCard and VISA sales. deducted
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