journalize the entries to record the transactions of Amsterdam supply Co. Refer to the chart of accounts for exact wording of account titles.

Instructions Supply uses the net method under a perpetual levertory system. Also note that the company unos a clearing house to take care of all bank as well as non-tank credit cards used by its customers Record on page 10 of the journal Mor. 2 3 5 Sold merchandise on account to Equinox Co, 519,300, terme FOB destination, 140, 120. The cost of the goods sold was $14,120 Sold merchandise for $12,200 plus 6% sales tax to retail cash customers. The cost of the good old was $6,930 Sold merchandise on account to Empire Co. $54,930, torms Ed Shining soil, woom. The cost of the goods sold was $32,340. Sold merchandise for $30,400 plun 6% sales tax to retail cuntomers who used MasterCard. The cost of the goods sold was $20,610 Received check for amount due from Equinox Co. for sale on March 2 Sold merchandise to customers who used American Express cards. $15.040. The cost of the goods sold was $7,570 Sold morchandise on nocount to Targhe Co. $29,900, torms FOB shipping point, 1/10,n30. The cont of the goods sold was $17,360 Issued credit momo for $4.900 to Targhee Co. for merchandise returned from sale on March 16. The 12 16 18 ont of the merchandise returned was $2.670. Instructions of the goods sold was $17,360. Issued credit memo for $4,900 to Targhee Co.for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,670 Record on page 11 of the journal Mar 19 26 28 31 Sold merchandise on account to Vista Co., $8,150, terms FOB shipping point, 2/10, 1/30. Added 565 to the invoice for prepaid freight. The cost of the goods sold was $4,860. Received check for amount due from Targheo Co for sale on March 16 tons credit momo of Murch 18, Received check for amount due trom Vista Co. for sale of March 19. Received check for amount due from Empire Co. for sale of March 4 Pald Fleetwood Delivery Service $5,470 for merchandise dollvered during March to customers under shipping terms of FOB destination Paid City Bank $830 for service foen for handing MasterCard and American Express salen during March Paid $6,048 to state sales tax division for taxes owed on sale 31 Apr 3 15 Journakze the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles Chart of Accounts CHART OF ACCOUNTS Amsterdam Supply Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 121 Accounts Receivable-Empire Co. 122 Accounts Rectlvable-Equinox Co. 123 Accounts Receivable-Targhee Co. 124 Accounts Receivable-Vista Co. 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance EXPENSES 510 fost 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 180 Land Chart of Accounts 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 534 Store Supplies Expense 535 Office Supplies Expanse 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Journal * PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST, BEE DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 1