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hapter 6 Homework Assignment (part eBook Show Me How Calculator Print Item Sales-related transactions, including...

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Accounting

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hapter 6 Homework Assignment (part eBook Show Me How Calculator Print Item Sales-related transactions, including the use of credit cards Instructions Chart of Accounts Journal Journal Instructions Joumalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account nifers. (Note: the company uses a clearinghouse to take care of all bank as well as non-bank credit cards used by its customers.) Mar. 1 10 12 Sold merchandise for cash. $31,800. The cost of the merchandise sold was $12,640 Soid merchandise on account, $250,000. The cost of the merchandise sold was $105,600 Sold merchandise to customers who used MasterCard and VISA $153,000. The cost of the merchandise sold was $61,200. Sold merchandise to customers who used American Express, $73,800. The cost of the merchandise sold was $29.520 Paid $8,000, to National Clearing House Credit Co. for service fees for processing MasterCard, VISA and American Express sales 17 31

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