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Instructions The following selected transactions were completed by Betz Company during July of the current year July 1 3 5 6 Purchased merchandise from Sabol

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Instructions The following selected transactions were completed by Betz Company during July of the current year July 1 3 5 6 Purchased merchandise from Sabol Imports Co., $13,031, terms FOB destination, n/30 Purchased merchandise from Saxon Co., 59,150, terms FOB shipping point, 2/10 n/eom. Prepaid freight of $205 was added to the invoice. Purchased merchandise from Schnee Co., $14,800, terms FOB destination, 2/10, 1/30. issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,600 returned from purchase on July 5. Paid Saxon Co. for invoice of July 3. Paid Schnee Co. for invoice of July 5, less debit memo of July 6. Purchased merchandise from Southmont Co., $26,320, terms FOB shipping point, n/com. Paid freight of $410 on July 19 purchase from Southmont Co. 13 14 19 19 Instructions Chart of Accounts Journal Instructions 13 14 19 19 20 30 31 31 Paid Saxon Co. for invoice of July 3. Paid Schnee Co. for invoice of July 5, less debit memo of July 6. Purchased merchandise from Southmont Co., $26, 320, terms FOB shipping point, n/eom. Paid freight of $410 on July 19 purchase from Southmont Co. Purchased merchandise from Stevens Co., $20,100, terms FOB destination, 1/10,n/30. Paid Stevens Co. for invoice of July 20 Paid Sabol Imports Co. for invoice of July 1. Paid Southmont Co. for invoice of July 19. Journalize the entries to record the transactions of Betz Company for July. Refer to the Chart of Accounts for exact wording of account titles Calculator Print Item mase-related transactions using perpetual inventory system structions Chart of Accounts Journal mnal Shaded cells have feedba PAGE 10 JOURNAL Score: 19/301 DATE DESCRIPTION POST, REF CREDIT ASSETS LIABILITIES EQUITY DEBIT 13,031.00 Jul 1 Merchandise Inventory 13,031.00 Accounts Payable-Sabol Imports Co. Merchandise Inventory Jul 3 Activate Window My Work 9 more Check My Work uses remaining and Fuit Submit Ascian

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