Sales-Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers:

Mar. 2.	Sold merchandise on account to Equinox Co., $18,300, terms FOB destination, 1/10, n/30. The cost of the goods sold was $12,500.
3.	Sold merchandise for $11,200 plus 6% sales tax to retail cash customers. The cost of the goods sold was $7,700.
4.	Sold merchandise on account to Empire Co., $53,410, terms FOB shipping point, n/eom. TThe cost of the goods sold was $32,450.
5.	Sold merchandise for $29,800 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $18,720.
12.	Received check for amount due from Equinox Co. for sale on March 2.
14.	Sold merchandise to customers who used American Express cards, $13,300. The cost of the goods sold was $8,240.
16.	Sold merchandise on account to Targhee Co., $29,800, terms FOB shipping point, 1/10, n/30. The cost of the goods sold was $15,510.
18.	Issued credit memo for $4,900 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,780.
19.	Sold merchandise on account to Vista Co., $8,400, terms FOB shipping point, 2/10, n/30. Paid $60 for freight and added it to the invoice. The cost of the goods sold was $4,860.
26.	Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18.
28.	Received check for amount due from Vista Co. for sale of March 19.
31.	Received check for amount due from Empire Co. for sale of March 4.
31.	Paid Fleetwood Delivery Service $5,070 for merchandise delivered during March to customers under shipping terms of FOB destination.
Apr. 3.	Paid City Bank $830 for service fees for handling MasterCard and American Express sales during March.
15.	Paid $6,146 to state sales tax division for taxes owed on sales.

Required:

Journalize the entries to record the transactions of Amsterdam Supply Co. For a compound transaction, if no entry is required, leave the entry box blank.

Date	Account	Debit	Credit
Mar. 2-sale	Accounts Receivable-Equinox Co.	fill in the blank 2
	Sales		fill in the blank 4

Date	Account	Debit	Credit
Mar. 2-cost	Cost of Goods Sold	fill in the blank 6
	Inventory		fill in the blank 8

Date	Account	Debit	Credit
Mar. 3-sale	Cash	fill in the blank 10	fill in the blank 11
	Sales	fill in the blank 13	fill in the blank 14
	Sales Tax Payable	fill in the blank 16	fill in the blank 17

Date	Account	Debit	Credit
Mar. 3-cost	Cost of Goods Sold	fill in the blank 19
	Inventory		fill in the blank 21

Date	Account	Debit	Credit
Mar. 4-sale	Accounts Receivable-Empire Co.	fill in the blank 23
	Sales		fill in the blank 25

Date	Account	Debit	Credit
Mar. 4-cost	Cost of Goods Sold	fill in the blank 27
	Inventory		fill in the blank 29

Date	Account	Debit	Credit
Mar. 5-sale	Cash	fill in the blank 31	fill in the blank 32
	Sales	fill in the blank 34	fill in the blank 35
	Sales Tax Payable	fill in the blank 37	fill in the blank 38

Date	Account	Debit	Credit
Mar. 5-cost	Cost of Goods Sold	fill in the blank 40
	Inventory		fill in the blank 42

Date	Account	Debit	Credit
Mar. 12	Cash	fill in the blank 44
	Accounts Receivable-Equinox Co.		fill in the blank 46

Date	Account	Debit	Credit
Mar. 14-sale		fill in the blank 48
			fill in the blank 50

Date	Account	Debit	Credit
Mar. 14-cost		fill in the blank 52
			fill in the blank 54

Date	Account	Debit	Credit
Mar. 16-sale		fill in the blank 56
			fill in the blank 58

Date	Account	Debit	Credit
Mar. 16-cost		fill in the blank 60
			fill in the blank 62

Date	Account	Debit	Credit
Mar. 18-return		fill in the blank 64
			fill in the blank 66

Date	Account	Debit	Credit
Mar. 18-cost		fill in the blank 68
			fill in the blank 70

Date	Account	Debit	Credit
Mar. 19-sale		fill in the blank 72
			fill in the blank 74

Date	Account	Debit	Credit
Mar. 19-freight		fill in the blank 76
			fill in the blank 78

Date	Account	Debit	Credit
Mar. 19-cost		fill in the blank 80
			fill in the blank 82

Date	Account	Debit	Credit
Mar. 26		fill in the blank 84
			fill in the blank 86

Date	Account	Debit	Credit
Mar. 28		fill in the blank 88
			fill in the blank 90

Date	Account	Debit	Credit
Mar. 31-collection		fill in the blank 92
			fill in the blank 94

Date	Account	Debit	Credit
Mar. 31-freight		fill in the blank 96
			fill in the blank 98

Date	Account	Debit	Credit
Apr. 3		fill in the blank 100
			fill in the blank 102

Date	Account	Debit	Credit
Apr. 15		fill in the blank 104
			fill in the blank 106