Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to other businesses and occasionally to retail customers: Record on page 10 of the journal Mar. 2 3 5 16 14 Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, n/30. The cost of the goods sold was $13,300. Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of the goods sold was $7,000. Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/eom. The cost of the goods sold was $33,200. Sold merchandise for $30,000 to retail customers who used MasterCard. The cost of the goods sold was $19,400. The printed receipts for retail customers included a coupon for $2 off the customer's next purchase. It is estimated that 2,000 of the coupons will be redeemed. Create a compound journal entry for the sale and coupon payable estimate. Sold $18,000 of merchandise to retail customers who used MasterCard and who redeemed 850 of the $2 coupons issued on March 5. The cost of the goods sold was $10,500. Sold merchandise on account to Targhee Co $27 500 terms FOR shinning point n/30 The cost of the HESAU

16 Sold merchandise on account to Targhee Co0,$27,500, terms FOB shipping point, n/30. The cost of the goods sold was $16,000 18 Issued credit meme to Targhee Co. for merchandise with an invoice amount of $4,800 retumed from sale on March 16 . The cost of the merchandise returned was $2,900 Record on page 11 or the journal Mar, 19 Sold merchandise on account to Vista C0,$8,250, terms FOB shipping point, Neom. Added $75 to the invoice for prepaid freight. The cost of the goods sold was $5,000. Record the freight as a separate transaction. 31 Received check for amount due from Vista Co for sale of March 19 31 Received check for amount due from Empire Co for sale of March 4 31 Paid Fleetwood Delvery Sorvice $5,600 for merchandise delivered during March to customers under shipping terms of FOB destination 31 Paid local newspaper $1,200 for advertising that included point-of-sale coupons for $15 off Apnil purchases of $75 or more. It is estimated that 500 of the coupons will be redeemed. (Do not create any liability for the estimated coupon redemption at this time) Apr 1 Received check for amount due from Equinox Co, for sale on March 2. 3 Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March. 15 Paid \$6,544 to state sales tax division for taxes owed on sales: 15 Received check for amount due from Targhee Co for sale on March 16 less credit memo of March 18 Chapter Five Homework Print ltem 193 Accumulated Depreciation-store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment 355 Ontce supplonstexpense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salarles Payable 218 Sales Tax Payable 219 Estimated Coupons Payable 220 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends General Journal Shaded cells have Check My Work