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Instruetions Chart of Accounts General Journal Genoral Joumal Previous Instructions Chart of Accounts General Journal Chart of Accounts 142 Prepaid insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 216 Salaries Payable 218 Sales Tax Payable 219 Estimated Coupons Payable 220 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Instructions Chart of Accounts General Joumal General Joumal Previous Mar. 19 Sold merchandise on account to Vista CO2,$8,200, terms FOB shipping point, n/eom. Added $75 to the invoice for prepaid freight. The cost of the goods sold was $5,500. Record the freight as a separate transaction. 31 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 \$5,800 for merchandise delivered during March to customers under shipping terms of FOB destination. 31 Paid local newspaper $1,300 tor advertising that included point-of-sale coupons for $15 off April purchases of $75 or more. It is estimated that 500 of the coupons will be redeemed. (Do not create any liability for the estimated coupon redemption at this time.) Apr. 1 Recelved check for amount due from Equinox Co. for sale on March 2. 3 Paid City Bank $910 for service fees for handling MasterCard and American Express sales during March. 15 Paid $6,600 to state sales tax division for taxes owed on sales. 15 Recelved check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18. 16 Sold merchandise with a list price of $41,000 to customers using MasterCard. Customers redeemed 300 of the point-of-sale, \$15-off coupons distributed on March 31. The cost of the merchandise sold was $18,800. Required: Journalize the entries to record the transactions of Amsterdam Supply Co. The following selected transactions were completed by Amsterdam Supply Co, which sells office supplies peimarizy to other businesses and occasionally to retail customers: Record on page 10 of the journal Mar. 2. Sold merchandise on account to Equinox Co., $18,100, terms FOB destination, n30. The cost of the goods sold was $13,400. 3 Sold merchandiso for $11,450 plus 6% sales tax to rotail cash customers. The cost of the goods sold was $6,000. 4 Sold merchandise on account to Empire Co., $55,200, terms FOB stipsing point, neom. The cost of the goode sold was $33,200. 5 Sold merchandise for $20,000 to retail customers who used MasterCard. The cost of the goods sold was $10,400. The printed receipts for retail customers included a coupon for $2 oft the customer's next purchase. It is estimated that 3,000 of the coupons wil be redeemed. Create a compound joumal entry for the sale and coupon paryable estimate. 14 Sold $17,000 of merchandise to retail customers who used MasterCasd and who redeemed 800 of the $2 coupons issued on March 5. The cost of the goods sold was $10,500. 16 Sold merchandise on account to Targhee CO,$27,000, terms FOB shipping point, N/30. The cost of the goods sold was $15,000. 18 Issued credit meme to Targhee Co. for merchandise with an inwoice amount of $4,900 retumed from sale on March 16. The cost of the merchandise returned was $2,600
