Instructions The following selected transactions were completed by Amsterdam Supply Co., which selts office supplies primarily to wholesalers and occasionally to retail customers. 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 Sold merchandise on account to Equinox Co 520 800 terms FOB destination, 1/10, 1/30. The cost of the merchandise sold was $13,530 Sold merchandise for 512,500 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $6,410 Sold merchandise on account to Empire Co. 560.260, terms FOB shipping point, nieom. The cost of merchandise sold was $33,300 Sold merchandise for $28,100 plus 6% sales tax to retall customers who used MasterCard. The cost of merchandise sold was $19,420 4 5 nstructions 26 28 31 31 Received check for amount due from Targhee Co. for sale on March 16 less 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. Paid Fleetwood Delivery Service 55,760 for delivery of merchandise in March to customers under shipping terms of FOB destination. Paid City Bank $870 for service fees for handling MasterCard and American Express sales during March Paid 56,946 to state sales tax division for taxes owed on sales Apr 3 15 Required: Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles Chart of Accounts CHART OF ACCOUNTS Amsterdam Supply Co. General Ledger ASSETS REVENUE 410 Sales 110 Cash 010 Interest Revenue 121 Accounts Recewable Empire Co. 122 Accounts Receivable-Equinox Co 123 Accounts Receivable-Targhoe Co 124 Accounts Receivable Vista Co EXPENSES 510 Cost of Merchandise Sald 521 Delivery Expense 125 Notes Receivable Chart of Accounts 130 Merchandise Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Exponse 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense art of Accounts LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Journal PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REE DEFIT CPOET ASSETS LIABILITIES EQUITY