Using the perpetual inventory system (a) (6) (c) Sold merchandise on account, for $12,000, terms /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, S2,900. 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 Paid a $75 processing fee associated with sales made to customers who used American Express (d) (0) Required: Journalize the entries for the above selected transactions, Refer to the Chart of Accounts for exact wording of account titles. All of the transactions have the date of December 31th. ASSETS REVENUE 410 Sales 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Merchandise Inventory 131 Estimated Returns Inventory 140 Supplies 142 Prepaid Insurance 180 Land 190 Equipment 191 Accumulated Depreciation EXPENSES 510 Cost of Merchandise Sold 521 Delivery Expense 522 Advertising Expense 523 Depreciation Expense 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Supplies Expense 536 Credit Card Expense 560 Miscellaneous Expense 710 Interest Expense 26. BAS Clan wense 09 LIABILITIES 210 Accounts Payable 216 Salaries Payable 221 Sales Tax Payable 222 Customers Refunds Payable 231 Unearned Rent 241 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing