Sales-Related Transactions, Including the Use of Credit Cards Journalize the entries for the following transactions: a. Sold merchandise for cash, $22,060. The cost of the merchandise sold was $13,240. (Record the sale first.) fill in the blank 36fbb5ffffdef81_2 fill in the blank 36fbb5ffffdef81_3 fill in the blank 36fbb5ffffdef81_5 fill in the blank 36fbb5ffffdef81_6 fill in the blank 36fbb5ffffdef81_8 fill in the blank 36fbb5ffffdef81_9 fill in the blank 36fbb5ffffdef81_11 fill in the blank 36fbb5ffffdef81_12 b. Sold merchandise on account, $13,920. The cost of the merchandise sold was $8,350. (Record the sale first.) fill in the blank e95153f82fd6002_2 fill in the blank e95153f82fd6002_3 fill in the blank e95153f82fd6002_5 fill in the blank e95153f82fd6002_6 fill in the blank e95153f82fd6002_8 fill in the blank e95153f82fd6002_9 fill in the blank e95153f82fd6002_11 fill in the blank e95153f82fd6002_12 c. Sold merchandise to customers who used MasterCard and VISA, $104,980. The cost of the merchandise sold was $62,990. (Record the sale first.) fill in the blank e4ed72f88fa003c_2 fill in the blank e4ed72f88fa003c_3 fill in the blank e4ed72f88fa003c_5 fill in the blank e4ed72f88fa003c_6 fill in the blank e4ed72f88fa003c_8 fill in the blank e4ed72f88fa003c_9 fill in the blank e4ed72f88fa003c_11 fill in the blank e4ed72f88fa003c_12 d. Sold merchandise to customers who used American Express, $33,990. The cost of the merchandise sold was $20,390. (Record the sale first.) fill in the blank 88d820038074fdd_2 fill in the blank 88d820038074fdd_3 fill in the blank 88d820038074fdd_5 fill in the blank 88d820038074fdd_6 fill in the blank 88d820038074fdd_8 fill in the blank 88d820038074fdd_9 fill in the blank 88d820038074fdd_11 fill in the blank 88d820038074fdd_12 e. Paid $6,840 to National Clearing House Credit Co. for service fees for processing MasterCard, VISA, and American Express sales. fill in the blank 0d145f077ffeffd_2 fill in the blank 0d145f077ffeffd_3 fill in the blank 0d145f077ffeffd_5 fill in the blank 0d145f077ffeffd_6
Sales-Related Transactions, Including the Use of Credit Cards
a. Sold merchandise for cash, $22,060. The cost of the merchandise sold was $13,240. (Record the sale first.)
fill in the blank 36fbb5ffffdef81_2 | fill in the blank 36fbb5ffffdef81_3 | ||
fill in the blank 36fbb5ffffdef81_5 | fill in the blank 36fbb5ffffdef81_6 | ||
fill in the blank 36fbb5ffffdef81_8 | fill in the blank 36fbb5ffffdef81_9 | ||
fill in the blank 36fbb5ffffdef81_11 | fill in the blank 36fbb5ffffdef81_12 |
b. Sold merchandise on account, $13,920. The cost of the merchandise sold was $8,350. (Record the sale first.)
fill in the blank e95153f82fd6002_2 | fill in the blank e95153f82fd6002_3 | ||
fill in the blank e95153f82fd6002_5 | fill in the blank e95153f82fd6002_6 | ||
fill in the blank e95153f82fd6002_8 | fill in the blank e95153f82fd6002_9 | ||
fill in the blank e95153f82fd6002_11 | fill in the blank e95153f82fd6002_12 |
c. Sold merchandise to customers who used MasterCard and VISA, $104,980. The cost of the merchandise sold was $62,990. (Record the sale first.)
fill in the blank e4ed72f88fa003c_2 | fill in the blank e4ed72f88fa003c_3 | ||
fill in the blank e4ed72f88fa003c_5 | fill in the blank e4ed72f88fa003c_6 | ||
fill in the blank e4ed72f88fa003c_8 | fill in the blank e4ed72f88fa003c_9 | ||
fill in the blank e4ed72f88fa003c_11 | fill in the blank e4ed72f88fa003c_12 |
d. Sold merchandise to customers who used American Express, $33,990. The cost of the merchandise sold was $20,390. (Record the sale first.)
fill in the blank 88d820038074fdd_2 | fill in the blank 88d820038074fdd_3 | ||
fill in the blank 88d820038074fdd_5 | fill in the blank 88d820038074fdd_6 | ||
fill in the blank 88d820038074fdd_8 | fill in the blank 88d820038074fdd_9 | ||
fill in the blank 88d820038074fdd_11 | fill in the blank 88d820038074fdd_12 |
e. Paid $6,840 to National Clearing House Credit Co. for service fees for processing MasterCard, VISA, and American Express sales.
fill in the blank 0d145f077ffeffd_2 | fill in the blank 0d145f077ffeffd_3 | ||
fill in the blank 0d145f077ffeffd_5 | fill in the blank 0d145f077ffeffd_6 |
Required journal entries are given below:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps