Transcribed Image Text: Using the perpetual inventory system, journalize the entries for the following selected transactions: Sold merchandise on account, for

Excerpt
an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales. (a) (b) (c) (d) (e) Paid a $75 processing fee associated with sales made to customers who used American Express. Transcribed Image Text: (b) (c) (d) (e)

Transcribed Image Text: Using the perpetual inventory system, journalize the entries for the following selected transactions:
Sold merchandise on account, for $12,000, terms n/30. The cost of the merchandise sold was $6,500.
Sold merchandise to customers who used MasterCard and VISA, $9,500. The cost of the merchandise sold was $5,300.
Sold merchandise to customers who used American Express, $2,900. The cost of the merchandise sold was $1,700.
Paid an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales.
(a)
(b)
(c)
(d)
(e)
Paid a $75 processing fee associated with sales made to customers who used American Express. Transcribed Image Text: (b)
(c)
(d)
(e)

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