Instructions X The following selected transactions were completed by Amsterdam Supply Co., which sells 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. 3 4 5 2 Sold merchandise on account to Equinox Co., $19,200, terms FOB destination, 1/10, n/30. The cost of the goods sold was $13,960. Sold merchandise for $12,150 plus 6% sales tax to retail cash customers. The cost of the goods sold was $6,840 Sold merchandise on account to Empire Co., $57,310, terms FOB shipping point, n/eom. The cost of the goods sold was $31,970. Sold merchandise for $28,950 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $19,460. Received check for amount due from Equinox Co. for sale on March 2 Sold merchandise to customers who used American Express cards, $14,800. The cost of the goods sold was $8,010 Sold merchandise on account to Targhee Co., $29,800, terms FOB shipping point, 1/10, n/30. The cost of the goods sold was $14,480. Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,860. 12 14 16 18 Record on page 11 of the journal Mar. 19 26 28 31 Sold merchandise on account to Vista Co., $8,800, terms FOB shipping point, 2/10, 1/30. Added $100 to the invoice for prepaid freight. The cost of the goods sold was $4,870. 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 $5,210 for merchandise delivered during March to customers under shipping terms of FOB destination. Paid City Bank 5900 for service fees for handling MasterCard and American Express sales during March. Paid $7,061 to state sales tax division for taxes owed on sales. 31 Apr. 3 15 Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles. Instructions Journal 6 Accounts Payable-Taco Co. 14,350.00 14,350.00 The following selected transactions were completed by Capers Company during October of the current year: 7 Oct. 6 purchases 5,000.00 14,350.00 Oct. 1 Purchased merchandise from UK Imports Co., $13,377, terms FOB destination, n/30. 8 Accounts Payable-Taco Co. 5,000.00 3 9 10,880.00 Purchased merchandise from Hoagie Co., $10,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $230 was added to the invoice. Purchased merchandise from Taco Co., $14,350, terms FOB destination, 2/10,n/30. Oct. 13 Notes Payable Accounts Payable-Hoagie Co. 10 213.00 4 11 Cash 10,667.00 6 Issued debit memo to Taco Co. for $5,000 of merchandise returned from purchase on October 4. 12 Notes Payable 9,359.00 13 Paid Hoagie Co. for invoice of October 3. Paid Taco Co. for invoice of October 4, less debit memo of October 6. 13 Oct. 14 Accounts Payable-Taco Co. 183.00 14 14 19 Cash 9,167.00 1 19 Purchased merchandise from Veggie Co., $25,850, terms FOB shipping point, n/eom. Paid freight of $430 on October 19 purchase from Veggie Co. Purchased merchandise from Caesar Salad Co., $23,000, terms FOB destination, 1/10, n/30. 15 25,850.00 1 Oct. 19 Inventory Accounts Payable-Veggie Co. 20 16 25,850.00 30 17 Oct. 19 Inventory 430.00 1 Paid Caesar Salad Co. for invoice of October 20 Paid UK Imports Co. for invoice of October 1. 31 18 430.00 + 31 Paid Veggie Co. for invoice of October 19 Cash Oct. 20 Inventory 19 23,000.00 1 20 Accounts Payable-Caesar Salad Co. 23,000.00 21 23,000.00 Journalize the entries to record the transactions of Capers Company for October. Refer to the Chart of Accounts for exact wordir account titles. 22 Oct. 30 Notes Payable Accounts Payable-Caesar Salad Co. Oct. 31 Notes Payable 22,772.00 23 13,377.00 24 Cash 25,850.00