Instructions The following selected transactions were completed by Amsterdam Supply Co., which sols of supplies primarily to wholesale and occasionally to retail customers. Amsterdam Supply uses the net method under a perpetual inventory system. Also note that the company unos a clearing house to take care of all bark as well as non-bork credit cards used by > 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,n30. The cost of the goods sold was $13,300. Sold merchandise for $11,350 plus 8% sales tax to retail canh customers. The cost of the goods sold was 37,000. Sold merchandise on account to Empire Co. $86,400, tema FB sticing point, weon. The cost of the goods sold was $33,200 Sold merchandise for $30,000 plus 6% sales tax to retail customers who led MasterCard. The cost of the goods sold was $10.400 Received check for amount due from Equinox Co. for sale on March 2 Sold merchandise to customers who used American Express cards, 813,700. The cost of the goods sold was 58,350 Sold merchandise on account to Targhee Co, 527,600, torms FOB shipping point, 1/10, 1730. 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 out of the matchandise at 900 12 14 16 18 Next Instructions 18 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 returned was $2,900 Record on page 11 of the journal Mar. 19 26 2B Sold merchandise on account to Vista Co., $8,250, terms FOB shipping point, 2/10, 1/30. Added $75 to the invoice for prepaid freight. The cost of the goods sold was $5,000. Received check for amount due from Targhoo Co, for salo on March 16 loss credit momo of March 18, Received check for amount due from Vista Co for sale of March 19. Received check for amount due from Empiro Co. lor sale of March 4. Pald Fleetwood Delivery Service $5,600 for merchandise delivered during March to customers under shipping terms of FOB destination Pald City Bank $940 for service toes for handling MasterCard and American Express anles during 31 31 Apr 3 March 15 Paid $6,544 to state sales tax division for taxes owed on sales Journalize the entries to record the transactions of Amsterdam Supply Co. Rotor to the Chart of Accounts for exact wording of accounts Chart of Accounts CHART OF ACCOUNTS Amsterdam Supply Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 121 Accounts Receivable-Empire Co. 122 Accounts Receivable-Equinox Co. 123 Accounts Receivable-Targhee Co. 124 Accounts Receivable-Vista Co. 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 142 Prepaid Insurance 180 Land Jo 180 Land 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable 1 EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Jo