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216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Joumalize the

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216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Joumalize the entries fo record the fransactions of Betz Compainy for July. Fiefer to the Chant of Accounts for exact wovding of account thiles. Chart of Accounts ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment LIABILITIES 211 Accounts Payable-Sabol Imports Co. 212 Accounts Payable-Saxon Co. 213 Accounts Payable-Schnee Co. 214 Accounts Payable-Southmont Co. 215 Accounts Payable-Stevens Co. REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense The folowing selected transactions were completed by Becz Company during July of the current year. Betz Company uses the net method under a perpetual invontiory system. July 1 Purchased merchandise from Sabol imports Co, $13,322, terms FOB destination, n/30. 3 Purchased merchandise trom Saxon Co, $10,650, terms FOB shipping point 210, Neom. Prepaid treight of $240 was added to the invoice. 5 Purchased merchandise from Schnee Co, $13,700, terms FOB destination, 2/10,n/30. 6 Issued debit memo to Schnee Co. for merchandse with an imvoice amount of $4.8S0 returned from purchase on July 5. 13 Paid Suxon Ca. for involice of July 3. 14 Paid Schnoe Co, for imvice of July 5, less debit memo of July 6. 19 Purchased merchandse from Southmont Co., 529.840 , terms FOE shipping point, noom. 19 Paid freight of $410 on July 19 purchase from Southmont Co. 20. Purchased marchandise from Stevens Co, $22,200, terms FOB destination, 1/10,n/30 30 Paid Stovens Co, Aor invoice of July 20. 31 Paid Sabol tmperts Ca. for invoice of Juy 1 31. Pald Southmont Co. for invaice of July 19

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