the following selected transactions were completed by amsterdam supply co

Sales-related transactions using perpetual inventory system Journal Instructions Chart of Accounts Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Also 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 Sold merchandise on account to Equinox Co, $19,700, terms FOB destination, 1/10, n/30. The cost of Mar 2 the goods sold was $12,530 Sold merchandise for $12,500 plus 6 % sales tax to retail cash customers. The cost of the goods sold 3 was $6,410 Sold merchandise on account to Empire Co., $56,450, terms EOB shipping point, n/eom. The cost of 4 the goods sold was $35,550 Sold merchandise for $29,450 plus 6 % sales tax to retail customers who used MasterCard. The cost of 5 he anede.cold wne e10 470n CUSTUrooouS 3UIU 17.530.00 merchandise Instructions Chart of Accounts Journal Instructions the goods sold was $35,550. Sold merchandise for $29,450 plus 6% sales tax to retail customers who used MasterCard. The cost of 5 the goods sold was $19,470. Received check for amount due from Equinox Co. for sale on March 2. 12 Sold merchandise to customers who used American Express cards, $12,940. The cost of the goods 14 sold was $7,830 Sold merchandise on account to Targhee Co., $29,200, terms FOB shipping point, 1/10, n/30. The cost 16 of the goods sold was $14,550. Issued credit memo for $4,800 to Targhee Co. for merchandise returned from sale on March 16. The 18 cost of the merchandise returned was $2,830. Record on page 11 of the journal 17,33U.00 COSCoro00US 3U1U 12.530.00 merchandise Instructions Record on page 11 of the journal Sold merchandise on account to Vista Co., $8,500, terms FOB shipping point, 2/10, n/30. Added $80 to Mar 19 the invoice for prepaid freight. The cost of the goods sold was $4,820 Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18. 26 28 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. 31 Paid Fleetwood Delivery Service $5,630 for merchandise delivered during March to customers under 31 shipping terms of FOB destination Paid City Bank $990 for service fees for handling MasterCard and American Express sales during Apr. 3 March. Paid $6,812 to state sales tax division for taxes owed on sales. 15 12,93U.00 CUSTor 000US SULU Instructions Chart of Accounts Journal Instructions Chart of Accounts Journal Shaded cells have feedba Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 10 JOURNAL Score: 231/400 ACCOUNTING COUATIOAR DATE DESCRIPTION ASSETS LIABILITIES POST, REF DEBIT CREDIT EQUITY Mar. 2 accounts receivables 19,700.00 Sales 2 19,700.00 Cost of Goods Sold 12,530.00 12.530.00 merchandise perpetual inventory system structions Chart of Accounts Journal ructions Chart of Accounts nal Shaded cells have fee merchandise 12,530.00 Mar. 3 Cash 13,250.00 Sales 12,500.00 sales tax 750.00 Cost of Goods Sold 6,410.00 Merchandise 6,410.00 Mar. 4 Accounts Receivable 56,450.00 Sales 56,450.00 Cost of Goods Sold 35,550.00 Merchandise 35,550.00 Mar. 5 master card 31,217.00 Activate Wind Work 8 more Check My Work uses remaining. Go to Settings to ac Submit Assia Save and Exit All work saved Instructions Chart of Accounts Journal Instructions Chart of Accounts Journal Shaded cells have Mar. 5 14 master card 31,21700 T 15 Sales 29,450.00 sales tax 16 1,767.00 Cost of Goods Sold 19,470.00 Merchandise 18 19,470.00 19 Cash 31,21700 20 Mastercard 31,21700 Mar. 12 Cash 21 19,503.00 trade discount 22 19700 25 accounts receivable 19,700.00 Activate Win Check My Work 8 more Check My Work uses remaining Go to Settinas to Save and Exit Submit As All work saved 99 17 Sales-related transactions using perpetual inventory system Instructions Chart of Accounts Journal Instructions Chart of Accounts Journal Shaded cells have Mar. 14 american express card 12,940.00 24 12,940.00 Sales 25 7,830.00 Cost of Goods Sold 26 7,830.00 merchandise 27 12,940.00 Cash 28 12,940.00 american express card 29 30 31 37 Activate W Go to Settinas Check My Work 8 more Check My Work uses remaining Suhmit Save and Exit All work saved e Sales-related transactions using perpetual inventory system Journal Chart of Accounts Instructions Instructions Chart of Accounts Journal Shaded cells have feedback Question not attempted. PAGE 11 Score: 0/226 JOURNAL ACCOUNTIAG EOUATIOM ASSETS LIABILITIES EQUITY CREDIT DEBIT DESCRIPTION POST. REF DATE Activate WindPre 8 more Check My Work uses remaining. Check My Work Go to Settings to activate Save and Exit Submit Assianmer All work saved. 994 TACCOunts Journal Instructions Chart of Accounts Journal Shaded cells have foedback T T 9 10 11 17 13 14 15 16 Activate WindPreviou 8 more Check My Work uses remaining. Check My Work Go to Settinas to activate Win Submit Assinnment for 7 Save and Exit All work saved 10 DELL