Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Amsterdam Supply uses the net method under a perpetual inventory system. Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers Record on page 10 of the journal Mar 2 3 4 5 Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, 1/10, 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 EOB shipping point, neom. The cost of the goods sold was $33,200. Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $19,400. Check My Work 12 Received check for amount due from Equinox Co. for sale on March 2 14 16 18 Sold merchandise to customers who used American Express cards. $13,700. The cost of the goods sold was $8,350 Sold merchandise on account to Targhee Co., $27.500, terms FOB shipping point, 1/10, n30. The cost of the goods sold was $16,000. Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise retumed was $2,900 Previous