Instructions The following selected transactions were completed by Betz Company during July of the current year. Betz Company uses the net method under a perpetual inventory system July 1 Purchased merchandise from Sabol Imports Co. $13,701, terms FOB destination, 30. 3 Purchased merchandise from Saxon Co. $8,950, terms FOB shipping point, 2/10,neom. Prepaid freight of $225 was added to the invoice. 5 Purchased merchandiser Schnee Co., $13.450 terms FOB destination, 2/10, 1/30 6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4250 returned from purchase on July 5 13 Paid Saxon Co.for invoice of July 3 14 Paid Schnee Co. for inwoice of July 5, loss debit memo of July 6. 19 Purchased merchandise from Southmont Co. $28,290, terms FOB shipping point, loom. 19 Paid freight of $420 on July 19 purchase from Southmont Co. 20 Purchased merchandise from Stevens Co., $20,200, terms FOB destination, 1/10.30 30 Paid Stevens Co. for involce of July 20 31 Paid Sabol Imports Co. for invoice of July 1. 31 Paid Southmont Co. for invoice of July 19 Journalte the entries to record the transactions of Betz Company for July Refer to the Chart of Accounts for exact wording of accountles. Chart of Accounts CHART OF ACCOUNTS Bet Company Check My Work Previou All work saved Email instructor Save and Ex Submit Assignment for VURAR Chart of Accounts CHART OF ACCOUNTS Betz Company General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Ofice 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 EXPENSES 510 Cost of Goods Sold 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 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Sabol Imports Co. 212 Accounts Payable-Saxon Co. 213 Accounts Payable-Schnee Co. 214 Accounts Payable-Southmont Co. 215 Accounts Payable-Stevens Co. 216 Series Payable 218 Sales Tax Payable 219 Customer Refunds Payable Check My Work Save and 10 IntakeAssignment/lakeAssignment Main.do? Vorel=&takeAssignmentSessionLocators &inprogress false eBook Calculator Journal Journalize the entries to record the transactions of Botz Company for July Refer to the Chart of Accounts for exact wording of account res. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBT CROT ASSETS LUITIES EQUITY 2 5 11 11 11 14 13 16 11 Previou Check My Work Instructions The following selected transactions were completed by Betz Company during July of the current year. Betz Company uses the net method under a perpetual inventory system July 1 Purchased merchandise from Sabol Imports Co. $13,701, terms FOB destination, 30. 3 Purchased merchandise from Saxon Co. $8,950, terms FOB shipping point, 2/10,neom. Prepaid freight of $225 was added to the invoice. 5 Purchased merchandiser Schnee Co., $13.450 terms FOB destination, 2/10, 1/30 6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4250 returned from purchase on July 5 13 Paid Saxon Co.for invoice of July 3 14 Paid Schnee Co. for inwoice of July 5, loss debit memo of July 6. 19 Purchased merchandise from Southmont Co. $28,290, terms FOB shipping point, loom. 19 Paid freight of $420 on July 19 purchase from Southmont Co. 20 Purchased merchandise from Stevens Co., $20,200, terms FOB destination, 1/10.30 30 Paid Stevens Co. for involce of July 20 31 Paid Sabol Imports Co. for invoice of July 1. 31 Paid Southmont Co. for invoice of July 19 Journalte the entries to record the transactions of Betz Company for July Refer to the Chart of Accounts for exact wording of accountles. Chart of Accounts CHART OF ACCOUNTS Bet Company Check My Work Previou All work saved Email instructor Save and Ex Submit Assignment for VURAR Chart of Accounts CHART OF ACCOUNTS Betz Company General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Ofice 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 EXPENSES 510 Cost of Goods Sold 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 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Sabol Imports Co. 212 Accounts Payable-Saxon Co. 213 Accounts Payable-Schnee Co. 214 Accounts Payable-Southmont Co. 215 Accounts Payable-Stevens Co. 216 Series Payable 218 Sales Tax Payable 219 Customer Refunds Payable Check My Work Save and 10 IntakeAssignment/lakeAssignment Main.do? Vorel=&takeAssignmentSessionLocators &inprogress false eBook Calculator Journal Journalize the entries to record the transactions of Botz Company for July Refer to the Chart of Accounts for exact wording of account res. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBT CROT ASSETS LUITIES EQUITY 2 5 11 11 11 14 13 16 11 Previou Check My Work