he following selected transactions were completed by Betz Company during July of the current year. July 1 Purchased merchandise from Sabol Imports Co., $13,725, terms FOB destination, n/30. 3 Purchased merchandise from Saxon Co., \$10,550, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $205 was added to the invoice. 5 Purchased merchandise from Schnee Co., $12,800, terms FOB destination, 2/10, n/30. 6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,550 returned from purchase on July 5. 13 Paid Saxon Co. for invoice of July 3. 14 Paid Schnee Co. for invoice of July 5 , less debit memo of July 6. 19 Purchased merchandise from Southmont Co., $29,160, terms FOB shipping point, n/eom. 19 Paid freight of $425 on July 19 purchase from Southmont Co. 20 Purchased merchandise from Stevens Co0,$22,400, terms FOB destination, 1/10,n/30. 30 Paid Stevens Co. for invoice of July 20. 31 Paid Sabol Imports Co. for invoice of July 1. 31 Paid Southmont Co. for invoice of July 19