Sales-related transactions using perpetual inventory system The tolowing selected traneactions were completed by Amsterdam Supply Co, which sels office supplies primarily to wholesalers and occasionaly to netail customers. Note the company uses a clearing house to take care of all bank as well as non-bank credit cards used by ts customers Record on page 10 of the joumal Mar 2 Sold menchandise on account to Equinox Co $18.900, terms FOB destination, 1/10, v30. The cost of he merchandise sold was $13,300 Sold merchandse er $11.350 plus e% sales tax to sena cash customers. The cost of merchandse sold was $7,000 Sold menchandise on account to Empire Co, $55,400, Serms FOD shipping point, nleom. The cost of merchandise sold was $33,200 Sold-artin menchandise sold was $19,400 3 5 S0000 plus e% sales tax to neta" oustoners who used MasterCard. The oost of 2 Recelived check for amount due from Equinox Co. for sale on March 2 14 Sold merchandise to customers who used American Express cards $13,700. The cost of merchandise 16 Sold mechandse on acount to Targhee Co.$27,500, terms FOe shipping pore, of menchandise sold was st ?sued eredt memotr S4.800 to Tarpee Cofor merchandise returned bom sale on March 16 The cost of the merchandipe retumed was $2.900 ?10, noo. The cost 18 Record on page 11 of the joul Sold merchandse on account to Vista Co.8250. terms Foe shoong point, ?0, n00Added S75 to the invoice for prepaid treight. The cost of merchandise sold was $5,000 19 26 Recelved check for amount due from Targhee Co. for sale on March 18 less credit memo of March 18 28 Recelved check for amount due from Vista Co. for sale of March 19 Recelved check for amount due from Empire Co for sale of Manch 4 31 Paid Fleetwood Delivery Service $5,.600 for delivery of merchandise in March to oustomers under shipping terms of FOB destination AprPaid City Bank $940 for service Sees for handing MasterCard and Amrican Express salies during March 15 Paid 56.544 t0 sale sales tax division for tases owed on sales Joumalize the entries to necornd the ransactions of Amsterdam Supply Co. Reter to the Chart of Accounts for exact wonding of account stes Previous Next 10 more Check My Work uses remaining asignment Score: 73.33%