ok les-related transactions using perpetual inventory system Instructions Journal Chart of Accounts Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasio Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers. Record on page 10 of the joumal Mar. 2 4 5 Sold merchandise on account to Equinox Co., $19,700, terms FOB destination, 1/10,n/30. The cost of the goods sold was $12,530 3 Sold merchandise for $12,500 plus 8% sales tax to retail cash customers. The cost of the goods sold was $8.410 Sold merchandise on account to Empire Co. $58,450, terms FOB shipping point, Neom. The cost of the goods sold was $35,550, Sold merchandise for $20,450 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $10,470. 12 Received check for amount due from Equinox Co for sale on March 2 Sold merchandise to customers who used American Express cards $12.040. The cost of the goods sold was $7,830 Sold merchandise on account to Targhee co. $20,200, terms FOB shipping point, 1/10, 1/30. The cost of the goods sold was $14.560 Issued credik memo for $4.800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,830 14 18 18 Record on page 11 of the journal Instructions Chart of Accounts Journal Instructions 18 sold was $7,830. Sold merchandise on account to Targhee Co. $29.200, terms FOB shipping point, 1/10, n/30. The cost of the goods sold was $14,550, Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2.830. 18 Record on page 11 of the joumal Mar 10 20 28 31 Sold merchandise on account to Vista Co., 88,500, terms FOB shipping point, 2/10. n/30. Added $80 to the invoice for prepaid freight. The cost of the goods sold was $4.820. Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18. Received check for amount due from Vista Co for sale of March 10 Received check for amount due from Empire Co, for sale of March 4 Paid Fleetwood Delivery Serviou 55,830 for merchandise delivered during March to customers under shipping terms of FOB destination Paid City Bank $990 for service fees for handling MasterCard and American Express sales during March 31 Apr 3 15 Paid $8.812 to state sales tax division for taxes owed on sales Joumalize the entries to record the transactions of Amsteroam Supply Co Refer to the Chart of Accounts for exact wording of a Check My Work eBook Show Me How ACCOUNTING EQUATION JOURNAL ASSETS CREDIT EQUITY LANTIS POST. RET DESCRIPTION DATE Mar 2 3 6 10 13 1 Check My Work
