The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Amsterdam supply uses the net method under a perpetual inventory system. Also note that the company uses a clearning house to take care of all bank as well as non-bank credit cards used by its customers.

Mar 2 3 4 5 Sold merchandise on account to Equinox Co. 519,200, terms FOB destination, 1/10,n30. The cost of the goods sold was $13,960 Sold merchandise for $12,150 plus 6% sales tax to retail cash customers. The cost of the goods sold was $6,840 Sold merchandise on account to Empire Co $57,310, torms FOB shipping point, nicom. The cost of the goods sold was $31,970 Sold merchandise for $28,950 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $19,460 Received check for amount due from Luinox Co for sale on March 2 Sold merchandise to customers who used American Express cards, $14,800. The cost of the goods sold was $8,010 Sold merchandise on account to Targhee Co $29,800, torms FOB shipping point, 1/10, 1/30. The cost of the goods sold was $14.480 Issued credit memo for $4,800 to Targhee Co for merchandise returned from sale on March 16 The cost of the merchandise returned was $2,860 12 14 16 18 Record on page 11 of the journal Mar. 19 26 28 31 Sold merchandise on account to Vista Co., $8.800, terms FOB shipping point, 2/10, 1/30 Added 5100 to the invoice for prepaid freight The cost of the goods sold was $4,870 Received check for amount due from Targhee Co for sale on March 16 less credit memo of March 18 Received check for amount due from Vista Co for sale of March 19, Received check for amount due from Empire Co for sale of March 4 Paid Fleetwood Delivery Service 55,210 for merchandise delivered during March to customers under shipping terms of FOB destination Paid City Bank $900 for service fees for handling MasterCard and American Express sales during March 31 Apr 3 15 Paid $7,061 to state sales tax division for taxes owed on sales JCE JOURNAL Score 372/400 ACCOUNTING TOUCH PATRY DESCRIPTION Mar2 Accounts Receivable Equinox Sales tch 19,200.00 19,200.00 Met Cost of Goods Sold 13.96000 15.900.00 12,87900 12.150.00 729.00 4000 Inventory Mar. 3 h Sales Sales Tax Payable Max. 3 Cost of Good Sold ventory Matt Autouts Receivable Empire Sales Mar 4 Cost of Goods Sold Inventory Mars Cash 42.00 57.310.00 TI 57.310.00 $1,970.00 11 $197000 11 301700 11 28.950.00 175700 Sales Sales Tax Payable Mar Cast of Goods Sold . 10.460.00 19.460.00 Inventory Ma 12" Cash HO 20 14,100.00 Accounts Receivable Equina Mar. 14 Cash Sales 14.800,00 14.800.00 Journal Sales Mar 14 Cost of Goods Sold 14800.00 21 2010.00 24 3.010.00 23 Inventory Mar. 16 Accounts Receivable Targhee Co. Sales 9.00.00 29.800.00 Mar. 16 Cost of Goods Sold 14.480.00 23 14.480.00 29 4800.00 Inventory Mar. 18 Sales Accounts Receivable-Taghee Co. Mar 18 Inventory Cost of Goods Sold 4.800.00 2.860.00 1 2.860.00 JOURNAL Score 60/226 ACCOUNTING COLLATION part T. 1 AL DESTION Mar 19 Accounts Recenable Vista Sales Mar 19 Cost of Goods Sold TE 8.800.00 3 8.800.00 4,870,00 Inventory 4.870.00 3 10 11 11 11 3 5 11