The following selected transactions were completed by Amsterdam Supply Co which sells office supplies primarily to wholesalers and occasionally to real 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 Mar 2 3 5 Sold merchandise on account to Equinox Co., 518,000, serne Fos destination, 110, W30 The cost of the merchandne sold was 513300 Sold merchandise for 511,960 DRUS 8% sales tax to retat cash customers. The cost of merchandise sold was $7000 Sold merchandise on account to Emprego $65 400, torms FOB shipping point com The cost of merchandise sold was $33200 Sold merchandise for $30,000 plus sales tax to real customers who used MasterCard The cost merchandise sold was $19.400 Recewed check for amount ore from now Colors on March 2 Bold merchandise to customers who used American Express cants, $13,700. The cost of merchandise sold was 6350 Sold merchandise on account to Targhee Co. $27.500 ferts FOB shipping point. 1/10,30 The cost of merchandise sold was $10,000 Issued credit memo for $4.800 10 Tahee Co form clandesertured from sale on March 15. The 12 10 18 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 Record on page 11 of the journal 19 26 28 31 Sold merchandise on account to Vista Co. 88 260 terms FOB shipping point 2/10,n/30 Added $75 to the invoice for prepaid freight The cost of merchandise sold was $5,000. 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 10 Received check for amount due from Empire Co for sale of March 4 Paid Fleetwood Delivery Service $5,000 for delivery of merchandise in March to customers under shipping terms of FOB destination Paid City Bank $940 for service fees for handling MasterCard and Amencan Express sales during March Paid $6,544 to state sales tax division for taxes owed on sales 31 Apr 3 15