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., $18,900, terms FOB destination, 1/10, n/30. The cost of the merchandise sold was $13,300. 3. Sold merchandise for $11,350 plus 6% sales tax to retail cash customers The cost of merchandise sold was $7,000. 4. Sold merchandise on account to Empire Co., $55,400, terms FOB shipping point, n/com. The cost of merchandise sold was $33,200. 5. Sold merchandise for $30,000 plus 6 % sales tax to retail customers who used MasterCard. The cost of merchandise sold was $19,400. 12. Received check for amount due from Equinox Co. for sale on March 2. 14. Sold merchandise to customers who used American Express cards, $13,700. The cost of merchandise sold was $8,350. 16. Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $16,000. 18. Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,900. 19. Sold merchandise on account to Vista Co., $8,250, terms FOB shipping point 2/10, n/30. Added $75 to the invoice for prepaid freight. The cost of merchan- dise sold was $5,000. 26. Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18. Mar. 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 $5,600 for merchandise delivered during March to customers under shipping terms of FOB destination. Apr. 3. Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March. 15. Paid $6,544 to state sales tax division for taxes owed on sales. Company Banking General Ledger Purchases Payroll Reports Sales Inventory Assets ? Detail Report Amsterdam Supply Co. Detail Report 04/15/16 Field Student Data Cash 182,866.00 Dr Notes Receivable 120,000.00 Dr Accounts Receivable 0.00 Merchandise Inventory 75,650.00 Dr 5,600.00 Dr Est. Returns Inventory X Prepaid Insurance 3,400.00 Dr Office Equipment 85,000.00 Dr Accum. Depr. --Office Eq 12,800.00 Cr Accounts Payable 55,600.00 Cr 2,400.00 Cr Customer Refunds Payable Sales Tax Payable 2,112.00 Dr 48,500.00 Cr Notes Payable Common Stock 230,999.00 Cr Items Checked 57 Total Graded Items 11 Errors Found 6 Extra Items 0 Missing Items 0 Minutes File Was Open 27 Purchases Company Banking General Ledger Sales Inventory Payroll Assets Reports ? Detail Report Amsterdam Supply Co. Detail Report 04/15/16 Field Student Data 230,999.00 Cr Common Stock Retained Earnings 29,500.00 Dr Dividends 0.00 Sales 1,440,100.00 Cr X 27,900.00 Dr Sales Returns & Allowance X 22,481.00 Dr Sales Discounts Cost of Merchandise Sold 874,350.00 Dr 173,200.00 Dr Sales Salaries Expense Advertising Expense 39,300.00 Dr Depr. Expense-Store Eq. 6,400.00 Dr Credit Card Expense 940.00 Dr Transportation Out 0.00 Misc. Selling Expense 1,600.00 Dr Items Checked 57 Total Graded tems 11 Errors Found = 6 Extra Items 0 Missing Items 0 Minutes File War Onen-27 x x x x Detail Report Amsterdam Supply Co. Detail Report 04/15/16 Field Student Data Misc. Selling Expense 1,600.00 Dr Office Salaries Expense 84,150.00 Dr Rent Expense 31,350.00 Dr Depr. Expense--Office Eq. 12,700.00 Dr Insurance Expense 3,900.00 Dr Office Supplies Expense 1,300.00 Dr 10,100.00 Dr Delivery Expense Misc. Administrative Exp. 1,600.00 Dr 11,000.00 Cr Interest Revenue Interest Expense 6,000.00 Dr Income Summary 0.00 Customer Accounts 0.00 Empire Co. Items Checked = 57 Total Graded Items 11 Errors Found = 6 Detail Report ? Amsterdam Supply Co. Detail Report 04/15/16 Field Student Data Empire Co 0.00 Equinox Co 0.00 Targhee Co. 0.00 0.00 Vista Co. Bank Reconciliation Bank Reconciliation Bank Credit 0 Bank Reconciliation Bank Credit Bank Reconciliation Bank Charge 0 Bank Reconciliation Bank Charge 0 Bank Reconciliation Bank Charge 0 Bank Reconciliation Bank Charge Bank Reconciliation Outstanding Dep 0 Bank Reconciliation Outstanding Dep. 0 Items Checked 57 Total Graded Items 11 Errors Found 6 Extra Items 0 Missing Items 0 Minutes File Was Open 27 Detall Report 04/15/16 Field Student Data Bank Reconciliation Outstanding Dep. 0 Bank Reconciliation Outstanding Dep. 0 Bank Reconciliation Outstanding Dep 0 Bank Reconciliation Outstanding Dep. 0 Bank Reconciliation Outstanding Dep. 0 Bank Reconciliation Outstanding Dep 0 Bank Reconciliation Outstanding Dep 0 Bank Reconciliation Outstanding Dep. Bank Reconciliation Bank Balance 0 Customization Sole Prop Business Organization Merch/CGS Type of Business Departments Code One Dept. Items Checked 57 Total Graded Items 11 Errors Found= 6 Extra Items 0 Missing Items 0 General Journal ? Refer Customer Date Account Debit Credit 03/02/16 Equinox Co 112 Accounts Receivable 18,900.00 410 Sales 18,900.00 03/02/16 510 Cost of Merchandise Sold 13,300.00 115 Merchandise Inventory 13.300,00 03/03/16 110 Cash 12,031.00 410 Sales 11,350.00 213 Sales Tax Pay able 681.00 03/03/16 510 Cost of Merchandise Sold 7,000.00 115 Merchandise Inventory 7,000.00 03/04/16 Empire Co 112 Accounts Receivable 55,400.00 410 Sales 55.400.00 03/04/16 33,200.00 510 Cost of Merchandise Sold 115 Merchandise Inventory 33.200.00 Add New Entry Proof: 0.00 Search Post Insert Debit/Credit Delete Close General Journal Date Refer Account Debit Credit Customer 03/05/16 110 Cash 31,800.00 410 Sales 30,000.00 213 Sales Tax Payable 1,800.00 03/05/16 510 Cost of Merchandise Sold 19.400.00 115 Merchandise Inventory 19,400.00 03/12/16 Equinox Co 110 Cash 18,711.00 412 Sales Discounts 189.00 18,900.00 112 Accounts Receivable 03/14/16 110 Cash 13,700.00 410 Sales 13,700.00 03/14/16 510 Cost of Merchandise Sold 8,350.00 115 Merchandise Inventory 8,350.00 03/16/16 Targhee Co. 112 Accounts Receivable 27,500.00 Add New Entry Proof: Search Post Insert Debit/Credit Delete 0.00 Close General Journal Refer Date Account Debit Credit Customer 03/16/16 Targhee Co. 112 Accounts Receivable 27,500.00 410 Sales 27,500.00 03/16/16 510 Cost of Merchandise Sold 16,000.00 115 Merchandise Inventory 16,000.00 03/18/16 Targhee Co. 411 Sales Returns & Allow ance 4,800.00 112 Accounts Receivable 4,800.00 03/18/16 115 Merchandise Inventory 2,900.00 2,900.00 510 Cost of Merchandise Sold 03/19/16 Vista Co. 112 Accounts Receivable 8,250.00 410 Sales 8,250.00 03/19/16 Vista Co. 75.00 112 Accounts Receivable 110 Cash 75.00 03/19/16 Post Add New Entry Insert Debit/Credit Proof: Search Delete 0.00 Close 03/19/16 Vista Co. 112 Accounts Receivable 8,250.00 410 Sales 8,250.00 03/19/16 Vista Co. 112 Accounts Receivable 75.00 110 Cash 75.00 03/19/16 510 Cost of Merchandise Sold 5,000.00 115 Merchandise Inventory 5,000.00 03/26/16 Targhee Co 110 Cash 22,473.00 412 Sales Discounts 227.00 22,700.00 112 Accounts Receivable 03/28/16 Vista Co. 8,160.00 110 Cash 412 Sales Discounts 165.00 112 Accounts Receivable 8,325.00 03/31/16 Empire Co. 110 Cash 55,400.00 Add New Entry Search Proof: Post Insert Debit/Credit Delete 0.00 Close General Journal Date Refer. Account Debit Credit Customer 412 Sales Discounts 227.00 22,700.00 112 Accounts Receivable 03/28/16 Vista Co. 110 Cash 8,160.00 412 Sales Discounts 165.00 112 Accounts Receivable 8,325.00 03/31/16 Empire Co. 55.400.00 110 Cash 112 Accounts Receivable 55,400.00 03/31/16 535 Delivery Expense 5,600.00 5.600.00 110 Cash 04/03/16 523 Credit Card Expense 940.00 110 Cash 940.00 04/15/16 110 Cash 6,544.00 213 Sales Tax Payable 6,544.00 Search Add New Entry Proof: Post Insert Debit/Credit Delete 0.00 Close