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need solved OBJ.2 EX 5-8 Sales-related transactions, including the use of credit cards Journalize the entries…


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need solved OBJ.2 EX 5-8 Sales-related transactions, including the use of credit cards Journalize the entries…

need solved

OBJ.2 EX 5-8 Sales-related transactions, including the use of credit cards Journalize the entries for the following transactions: a. Sold merchandise for cash, $30,000. The cost of the merchandise sold was $18,000. b. Sold merchandise on account, $258,000. The cost of the merchandise sold was $154,800. c. Sold merchandise to customers who used MasterCard and VISA, $160,000. The cost of the merchandise sold was $96,000. merchandise sold was $43,200. a service fee paid for processing MasterCard, VISA, and American Express sales d. Sold merchandise to customers who used American Express, $72,000. The cost of the e. Received an invoice from National Clearing House Credit Co. for $8,800, representing
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