Chart of Accounts Journal Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers Record on page 10 of the journal Mar . 2 3 Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, 1/10, 1/30. The cost of the merchandise sold was $13,300. Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $7,000 Sold merchandise on account to Empire Co., 555,400, terms FOB shipping point, nieom. The cost of merchandise sold was $33,200 Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,400 4 5 12 14 Received check for amount due from Equinox Co for sale on March 2 Sold merchandise to customers who used American Express cards. $13.700. The cost of merchandise sold was $8.350. Chart of Accounts Journal Instructions 16 Sold merchandise on account to Targhee Co., $27,500 torms FOB shipping point, 1/10, 1/30. The cost of merchandise sold was 516,000 Issued credit memo for $1,000 to Targhee Co for damaged merchandise from sale on March 16 18 Record on page 11 of the journal 19 26 28 31 Sold merchandise on account to Vista Co. 58,250 terms FOB shipping point, 2/10, 1/30. Added 575 to the invoice for prepaid freight. The cost of merchandise sold was $5,000 Received check for amount due from Targhee Co for sale on March 16 less credit memo of March 18 Received check for amount due from Vista Co for sale of March 19, Received check for amount due from Empire Co for sale of March 4 Paid Fleetwood Delivery Service 55,600 for delivery of merchandise in March to customers under shipping terms of FOB destination Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March 31 Apr 3 15 Paid $6,544 to state sales tax division for taxes owed on sales Instructions 19 26 28 31 Sold merchandise on account to Vista Co 58,250, terms FOB shipping point, 2/10, 1/30 Added 575 to the invoice for prepaid freight. The cost of merchandise sold was $5,000 Received check for amount due from Targhee Co for sale on March 16 less credit memo of March 18 Received check for amount due from Vista Co, for sale of March 19 Received check for amount due from Empire Co for sale of March 4. Paid Fleetwood Delivery Service 55,600 for delivery of merchandise in March to customers under shipping terms of FOB destination Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March Paid $6,544 to state sales tax division for taxes owed on sales 31 Apr 15 Required: Journalize the entries to record the transactions of Amsterdam Supply Co Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations Every Nine on a journal page is used for debitor credit entries CNOW joumals will automatically indent a credit entry when a credit amount is entered Instructions Journal Chart of Accounts CHART OF ACCOUNTS Amsterdam Supply Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable-Empire Co. 610 Interest Revenue 122 Accounts Receivable-Equinox Co. 123 Accounts Receivable-Targhee Co. EXPENSES 124 Accounts Receivable-Vista Co. 510 Cost of Merchandise Sold 125 Notes Receivable 130 Merchandise Inventory 131 Estimated Returns Inventory 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 140 Office Supplies 141 Store Supplies 526 Salaries Expense 142. Prepaid Insurance 531 Rent Expense Instructions Journal Chart of Accounts 141 Store Supplies 526 Salaries Expense 142 Prepaid Insurance 531 Rent Expense 533 Insurance Expense 180 Land 192 Store Equipment 534 Store Supplies Expense 535 Office Supplies Expense 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY Journal Chart of Accounts 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing otify + Disney > YouTube Blackboard R Rakuten Viki 8 google classroom V LIVE Hulu > Drama Cool Eversties Book Print Item Journal urnalize the entries to record the transactions of Amsterdam Supply Co Refer to the chart of accounts for the exact wording of the accountitles. CNOW Journals do not so Anes for journal explanations. Every one on a journal page is used for debitor credit entries. Now journals will automatically indent a credit entry when a crdt amou entered Scroll down for page for the journal PWGE 10 JOURNAL ACCOUNTING EQUATION DEBIT CREDIT POST REF ASMETS LIABILITIES EQUITY DATE DESCRIPTION 1 13 4