eBook Print Item Sales-Related Transactions Using Perpetual Inventory System Instructions 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, n/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. 4 5 12 14 16 18 Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, neom. 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. 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. Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $16,000. Issued credit memo for $1,000 to Targhee Co. for damaged merchandise from sale on March 16. Record on page 11 of the journal 10 marchandise an annan Vista Co 960 farms EOB shinninn mint 9/10. Ada M Check My Work 10 more Check My Work uses remaining.