Fix blanks with red "x's"

Sales-Related Transactions using Perpetual Inventory System The following selected transactions were completed by Green Lawn Supplies Co., which sells Irrigation supplies primarily to other businesses and occasionally to retail customers. Green Lawn uses the net method under a perpetual Inventory system. July 1. Sold merchandise on account to Landscapes Co., $33,450, terms FOB shipping point, n/eom. The cost of the goods sold was $20,000. 2. Sold merchandise for $86,000 plus 8% sales tax to retail cash customers. The cost of the goods sold was $51,600. 5. Sold merchandise on account to Peacock Company, $17,500, terms FOB destination, 1/10, 1/30. The cost of the goods sold was $10,000. 8. Sold merchandise for $112,000 plus 8% sales tax to retail customers who used VISA cards. The cost of the goods sold was $67,200. 13. Sold merchandise to customers who used MasterCard cards, 596,000. The cost of the goods sold was $57,600. 14. Sold merchandise on account to Loeb Co., $16,000, terms FOB shipping point, 1/10, 1/30. The cost of the goods sold was $9,000. 15. Received check for amount due from Peacock Company for sale on July 5. 16. Issued credit memo to Loeb Co. for merchandise with an invoice amount of $3,000 returned from the sale on July 14. The cost of the merchandise returned was $1,800. 20. 18. Sold merchandise on account to Jennings Company, $11,350, terms FOB shipping point, 2/10, 1/30. Paid $475 for freight and added it to the invoice. The cost of the goods sold was $6,800. 24. Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16. 28. Received check for amount due from Jennings Company for sale of July 18. 31. Paid Black Lab Delivery Service $8,550 for merchandise delivered during July to customers under shipping terms of FOB destination. 31. Received check for amount due from Landscapes Co. for sale of July 1. Aug. 3. Pald Hays Federal Bank $3,770 for service fees for handling MasterCard and VISA sales during July. 10. Pald $41,260 to state sales tax division for taxes owed on sales. Previous Next > Check My Work w Al work saved. email instructor Save and but submit assignment for Gradies Submit Assignment for Grading Date Account Credit Debit 33,450 July 1 Accounts Receivable-Landscapes Co. Sales 33,450 Debit Credit Date July 1 Account Cost of Goods Sold Inventory 20,000 20,000 Date Account Debit Credit July 2 Cash 92,880 Sales 86,000 Sales Tax Payable 6,880 Debit Credit Date July 2 Account Cost of Goods Sold Inventory 51,600 51,600 Date Account Debit Credit 17,325 July 5 Accounts Receivable-Peacock Company Sales 17,325 Date Account Debit Credit July 5 Cost of Goods Sold 10,000 Inventory 10,000 Check My Work All work saved. Email Instruct Date Account Debit Credit July 8 Cash 120,960 112,000 Sales Tax Payable 8,960 Date B Debit Credit July 8 S Account Cost of Goods Sold Inventory 67,200 67,200 Account Debit Credit Date July 13 Cash 96,000 Sales 96,000 Date Debit Credit Account Cost of Goods Sold July 13 57,600 Inventory 57,600 Date Debit Credit Account Accounts Receivable-Loeb Co. July 14 15,840 Sales 15,840 Debit Credit Date Duly 14 Account Cost of Goods Sold 9,000 Inventory | 9,000 V Check My Work All work saved. Email Instru Account Credit Date July 15 Debit 17,325 Cash Accounts Receivable-Peacock Company 17,325 Credit Date July 16 Account Customer Refunds Payable Accounts Receivable-Loeb Co. Debit 3,000 3,000 Account Debit Credit Date July 16 Inventory 1,800 Estimated Returns Inventory 1,800 Date July 18 Account Accounts Receivable-Jennings Company Sales v Debit Credit I 11,123 Accounting numeric field 11,123 Account Debit Credit Date July 18 Accounts Receivable-Jennings Company Cash 475 Credit Date July 18 Account Cost of Goods Sold Inventory Debit 6,800 6,800 11 Date Debit Credit July 24 Account Cash Accounts Receivable-Loeb Co. 12,870 12,870 Date Debit Credit July 28 Account Cash Accounts Receivable-Jennings Company 11,350 11,350 x Date part de lite Debit Credit Accountant de Delivery Expense July 31 8,550 Cash 8,550 Date Account Credit Debit T33,450 July 31 Cash Accounts Receivable-Landscapes Co. Accounting numeric field 33,450 Debit Credit Date Aug. 3 Account Credit Card Expense Cash 3,770 3,770 Date Account Debit Credit Aug. 10 Sales Tax Payable 41,260 Cash 41,260 Check My Work