Instructions Journal Chart of Accounts Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retall customers: Record on page 10 of the journal Mar 2 3 4 5 Sold merchandise on account to Equinox Co., 518,900. terms FOB destination, 1/10, 1/30. The cost of the merchandise sold was 513,300 Sold merchandise for 511,350 plus 8% sales tax to retail cash customers. The cost of merchandise sold was $7.000 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.527,500, terms FOB shipping point, 1/10, 1/30. 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 12 14 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 $75 to the invoice for prepaid freight. The cost of merchandise sold was $5,000 Received check for arount due from Targhee Co, for sale on March 16 Jess 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. 31 Paid Fleetwood Delivery Service $5,600 for delivery of merchandise in March to customers under thipping terms of FOB destination. 3 Pald City Bank 8940 for service fees for handling MasterCard and American Express sales during March 15 Paid $8,544 to state sales tax division for taxes owed on sales