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The following selected transactions were completed by Amsterdam Supply Co, which sells office retail customers. Note that the company uses a clearing house to take

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The following selected transactions were completed by Amsterdam Supply Co, which sells office retail customers. Note that 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 supplies primanily to wholesalers and occasionally to 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 Sold merchandise for S 11,350 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $7,000 3 4 Sold merchandise on account to Empire Co, $55,400, terms FOB shipping point, nveom The cost of merchandise sold was $33,200 5 Sold merchandise for S30.000 plus 6% sales tax to retail customers who used MasterCard. The cost of

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