Calculator using perpetual inventory system Instructions Chart of Accounts Journal Instructions The following selected transactions were completed by Betz Company during July of the current year: July 1 3 Purchased merchandise from Sabol Imports Co. 520.500, torms FOB destination, 130 Purchased merchandise from Saxon Co., $12,000, terms FOB shipping point, 210, veom. Prepaid freight of $75 was added to the invoice Purchased merchandise from Schnee C. 58,000, terms FOB destination, 2/10,n30. Issued debt memoto Schnee Co. for merchandise with an invoice amount of $1.500 returned from $ 8287 $ $ 3 8 68 S28325 5 28 OS 8 8 8 debit memo of July 6. 1.900, terms FOB shipping point, neom. sourmont Co ms FOB destination, 1/10,30 & Jourate the entries to record the transactions of Betz Company for July. Refer to the Chart of Accounts for exact word. Check My Work BOOK Calculator Purchase-related transactions using perpetual inventory system Instructions Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNTS Betz Company General Ledger REVENUE 410 Sales 610 Interest Revenue 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 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 pense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Sabol Imports Co 212 Accounts Payable-Saxon Co. 213 Accounts Payable-Schnee Co. 214 Accounts Payable-Southmont Co Check My Work eBook Calculator Purchase-related transactions using perpetual inventory system Instructions Chart of Accounts Journal Chart of Accounts 140 SU 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 525 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 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. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Check My Work Email instructor