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journalize the entries to record the transaction of betz company for July PRACIICE: CHAPTER 5 HW Purchase-related transactions using perpetual inventory system begin{tabular}{|l|l|l|} hline Instructions

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PRACIICE: CHAPTER 5 HW Purchase-related transactions using perpetual inventory system \begin{tabular}{|l|l|l|} \hline Instructions Chart of Accounts & Ceneral Joumal \\ \hline \end{tabular} Purchase-related transactions using perpetual inventory system Instructions Chart of Accounts Coneral Joumal Instructions General Joumal e following selected transactions were completed by Betz Company during July of the current year: July 1 Purchased merchandise from Sabol Imports Co.,$13,201, terms FOB destination, n/30. 3 Purchased merchandise from Saxon Co., $10,050, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice. 5 Purchased merchandise from Schnee Co., $13,450, terms FOB destination, 2/10,n/30. 6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,100 returned from purchase on July 5 . 13 Paid Saxon Co. for invoice of July 3. 14 Paid Schnee Co, for invoice of July 5 , less debit memo of July 6. 19 Purchased merchandise from Southmont Co., $29,450, terms FOB shipping point, n/eom. 19 Paid freight of $395 on July 19 purchase from Southmont C0. 20 Purchased merchandise from Stevens Co., $22,000, terms FOB destination, 1/10,n/30. 30 Paid Stevens Co, for invoice of July 20. 31 Paid Sabol Imports Co. for invoice of July 1. 31 Paid Southmont Co. for invoice of July 19

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