Journalize the entries for the following transactions

Journalize the entries for the following transactions. Refer to

the Chart of Accounts for exact wording of account titles. (Note:

The company uses a clearinghouse to take care of all bank as well

as non-bank credit cards used by its customers. )

A.

Sold merchandise for cash, $27,700. The cost of the goods sold

was $14,681.

B.

Sold merchandise on account, $250,000. The cost of the

merchandise sold was $132,500.

C.

Sold merchandise to customers who used MasterCard and VISA,

$161,700. The cost of the merchandise sold was $85,701.

D.

Sold merchandise to customers who used American Express,

$72,000. The cost of the merchandise sold was $38,160.

E.

Received an invoice from National Clearing House Credit Co. for

$8,610, representing a service fee paid for processing MasterCard,

VISA, and American Express sales.