Journalize The entries to record the transactions of betz company for july. Refer to the chart of accounts for exact wording of account titles.

Instructions The following selected transactions were completed by Betz Company during July of the current year. Botz Company uses the net method under a perpetual inventory system. July 1 3 5 6 13 Purchased merchandise from Sabol Imports Co 513,201, torms FOB destination, n30, Purchased merchandise from Saxon Co, 510,050, terms FOB shipping point, 2/10, veom. Prepid freight of $220 was added to the invoice. Purchased merchandise from Schnee Co. $13,450, Worms Foe destination, 2/10,n30. issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,100 returned from purchase on Julys Paid Saxon Co. for Invoice of July 3 Paid Schnee Co. for invoice of July 5, less debit memo of July 6. Purchased merchandise from Southmont Co.,529,450, terms For shipping point, nieom. freight of $395 on July 19 purchase from Southmont Co. Purchased merchandise from Stevens Co., 322,000, torms FOB destination, 1/10,n30 Paid Stevens Co for invoice of July 20, Paid Sabol imports Co. for invoice of July 1. Paid Southmont Co. for woice of July 19 14 19 19 20 30 31 31 Journake the entries to record the transactions of Bett Company for Ally Refer to the Chart of Accounts for exact wording of account bites CHART OF ACCOUNTS Betz Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 120 Accounts Receivable 125 Notes Receivable EXPENSES 510 Cost of Goods Sold 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 142 Prepaid Insurance Chart of Accounts 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office 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 Salaries Payable Chart of Accounts 214 Accounts Payable-Southmont Co. 215 Accounts Payable-Stevens Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends