Post the journal entries for the following transactions:a. Sold merchandise for cash, $24,620. The cost...
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Accounting
Post the journal entries for the following transactions:
a. Sold merchandise for cash, $24,620. The cost of merchandise sold was $14,770.
b. Sold merchandise on account, $10,860. The cost of merchandise sold was $6,520.
C. Sold merchandise to customers using MasterCard and VISA, $124,050. The cost of merchandise sold was $74,430.
d. Sold merchandise to customers using American Express, $41,920. The cost of merchandise sold was $25,150.
e. You received a bill from National Credit Co. for $7,630, which represents a service fee paid for the processing of MasterCard, VISA, and American Express sales.
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