istomers. 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. econd on page 10 of the journal Mar: 2 Sold merchandise on account to Equinox C0, 518,900 , terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $13,300. 3. Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $7,000. 4 Sold merchandise on account to Empire Co. $55,400, terms FOB shipping point, neom. The cost of merchandise sold was 533,200 5 Sold merchandise for $30,000 plus 6% sales tax to retail customens who used MasterCard. The cost of merchandise soid was $19.400 12 Received check for amount due from Equinox Co for sate on March 2 14 Sold merchandise to customers who used American Express cards, $13,700. The cost of merchandise sold was $8,350 16 Sold merchandise on account to Targhee Co, 527,500 , terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $16.000 Journal Journal Shaded cels have feedoack. 24 26 2I a 29 30 31 52 How does eroding work? The following were selected from among the transactons completed by Babcock Company during November of the current year: Now. 3 Purchased merchandise on account from Moonlight Co, list price $85,000, trade discount 25\%, terms FOB destination, 2/10, n/30. 4 Sold merchandise for cash, $37,680. The cost of the merchandise sold was $22,600. 5 Purchased merchandise on account from Papoose Creek Co, 547,500, terms FOB shipping point. 2/10,n30, with prepaid freight of 5810 added to the invoice. 6 Returned 513,500 ( $18,000 list price less trade discount of 25%) of merchandise purchased on Novenber 3 from Moonight Co. 8 Sold merchandise on account to Ouinn Co, 515,600 with terms nv15. The cost of the merchandise sold was $9,400. 13 Paid Moonlight Co. on account for purchase of November 3, less retum of November 6. 14 Sold merchandise on VISA, $236,000. The cost of the merchandise sold was $140,000. 15 Paid Papoose Creek Co, on account for purchase of November 5. 23 Received cash on account from sale of November 8 to Ouinn Co. 24 Sold merchandise on account to Rabel Ca,556,900, terms 1/70, n30, The cost of the merchandise sold was 534000 Journatize the transactions. Flofer to the Chart of Accounts for exiect wording of account nthat \begin{tabular}{|l|l|l|} \hline Tistrivelong & Chart ot Accounts & Joumal \\ \hline \end{tabular} Journal KSHEET KSHEET n 24 is 251 (2) 29 Ghok My waik 39.30% All work sayed