July 1 3 5 6 13 Purchased merchandise from Sabol Imports Co., $13,031, terms FOB destination, n/30. Purchased merchandise from Saxon Co., $9,150, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $205 was added to the invoice. Purchased merchandise from Schnee Co., $14,800, terms FOB destination, 2/10, n/30. Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,600 returned from purchase on July 5. 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., $26,320, terms FOB shipping point, n/eom. Paid freight of $410 on July 19 purchase from Southmont Co. Purchased merchandise from Stevens Co., $20,100, terms FOB destination, 1/10, n/30. Paid Stevens Co. for invoice of July 20. Paid Sabol Imports Co. for invoice of July 1. Paid Southmont Co. for invoice of July 19. 14 19 19 20 30 31 31 ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost 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 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense LIABILITIES 211 Accounts Payable-Sabol Imports Co. 212 Accounts Payable-Saxon Co. 213 Accounts Payable-Schnee Co. 214 Accounts Payable-Southmont Co. 710 Interest 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 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES 1 13,031.00 1 2 13,031.00 t 3 9,172.00 1 4 9,172.00 t 5 Jul. 1 Inventory Accounts Payable-Sabol Imports Co. Jul.3 Inventory Accounts Payable-Saxon Co. Jul. 5 Inventory Accounts Payable-Schnee Co. Jul. 6 Accounts Payable-Schnee Co. Inventory Jul. 13 Accounts Payable-Saxon Co. 14,504.00 1 6 14,504.00 1 7 4,508.00 + 8 4,508.00 + 9 9,172.00 + 10 Cash 9,172.00 + 11 Jul. 14 Cash 9,966.00 1 12 Accounts Payable-Schnee Co. 9,966.00 1 13 26,320.00 1 14 Jul. 19 Inventory Accounts Payable-Southmont Co. Jul. 19 Inventory 26,320.00 1 15 410.00 1 16 Cash 410.00 + 10 Cash 9,172.00 + 11 Jul. 14 Cash 9,966.00 1 12 Accounts Payable-Schnee Co. 9,966.00 f 13 Jul. 19 Inventory 26,320.00 1 14 26,320.00 t Accounts Payable-Southmont Co. Jul. 19 Inventory 15 410.00 1 16 Cash 410.00 17 Jul.20 Inventory 19,899.00 1 18 Accounts Payable-Stevens Co. 19,899.00 1 19 19,899.00 1 20 19,899.00 1 Jul. 30 Accounts Payable-Stevens Co. Cash Jul. 31 Accounts Payable-Sabol Imports Co. Cash 21 13,031.00 + 22 13,031.00 + 23 Jul. 31 Accounts Payable-Southmont Co. 26,320.00 + 24 Cash 26,320.00 +