The following seiocted transactions were completed by Betz Company during luy of the currock yoat, Botz Compary uses the net mertod undar a perpetual inventary system. July 1 Purchased merchandise from Sabel imports Co, \$13,201, terms Foe destination, nso. 3. Purchased merchandise from Saxon C0, \$10,050, sorms FOB shipsing point, 210, nlocm. Propaid freght of $220 was added to the invoice. 5 Purchased merchandise trom Schnee Co. \$13,450, terms foB dettination, 210, n30. 6 Lssued deblet memo to Schnee Ca. for merchandise with an involice amount of 14,100 returred trom purchase on July 5. 13. Paid Saxon Ca for imvice of Juy 3. 14 Paid Schnoe Ca. for invice ot Juy 5, less debre memo of Juye. 19 Purchased merchandise trom Southmont Co0,$2.450, terms FOB shipping point, neom. 19. Paid treight of 5395 on J luy 19 purchase trom southnont Co. 20 Purchased merchandiae from Stevens Ca,522,000, terms fo8 destination, 1/10, n/30. 30 Paid Stevene Ca for invoice of Juy 20. 31 Paid Sabol inponts Ca for imvico of July 1. 31 Paid Southont Ca for invice of July 10 . int Chart of Accounts EQuITY 310 Common Steck 3t1 Retained Earnings 112 Dividends