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MINI TEA Instructions Chart of Accounts General Journal Instructions The following selected transactions were completed by Betz Company during July of the current year. July

MINI TEA Instructions Chart of Accounts General Journal Instructions The following selected transactions were completed by Betz Company during July of the current year. July Required: 13 58 6 13 14 19 19 20 30 31 31 Purchased merchandise from Sabol Imports Co., $20,500, terms FOB destination, n/30. Purchased merchandise from Saxon Co., $12,000, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $75 was added to the invoice. Purchased merchandise from Schnee Co., $8,000, terms FOB destination, 2/10, n/30. Issued debit memo to Schnee Co. for merchandise with an invoice amount of $1,500 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., $18,900, terms FOB shipping point, n/eom. Paid freight of $140 on July 19 purchase from Southmont Co. Purchased merchandise from Stevens Co., $33,000, 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. 27 X 1
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The following selected transactions were completed by Betz Company duning July of the current year: July I. Purchased merchandise from 5abol imports Co $20,500, terms FOB destination, n30. 3. Purchased merchandise from Saron Co, $12,000, terms FOe shipping point 2/10, Deom Frepard freight of 375 was added to the invoice. 6. Issued debit memo to Schnee Co. for merchandiso with an invoice amount of $1500 returited from purchase on July 5 13. Paid Sacon Co for invose of July 2 14. Paid Schnee Co for involce of July 5 , leis debit meno of tury 19 Paid freight of $140 on July 10 purchase from southmori Co. 30. Pald Stewent Co for involde of Suly 20 31 Pad Sabal imports ca for invoice of Juy 1 a1 Pad Soummont Co. fo involid of July io

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