Sales-related transactions using perpetual iventory systen SE ARcounts Journal uctions Chart of Accounts offco wupplics rimaiyto were comp 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 journal 2 Sold merchandise on account to Equinox Co., $18,900, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $13,300. Sold merchandise for $11,250 plus 6% sales tax to retal cash customers. The cost of merchandise sold was $7,000. Mar. 3 4 Sold merchandise on account to Empire Co., $55,400, terms FoB shipping point, n/eom. The cost of merchandise sold was $33,200. sold merchandise for $30,000 pkE 6% sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,400 s 12 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 16 Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10 18 Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on merchandise sold was $8,350. n/30. The cost of merchandise sold was $16,000. Previous Chock My Wark Chock My Work All work saved 9.13PM