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The following selected transactions were completed by Amsterdam Supply Co, which seloffite splies primaril to wholesalers and occasionaly t etal customers. Also note that the
The following selected transactions were completed by Amsterdam Supply Co, which seloffite splies primaril to wholesalers and occasionaly t etal 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 Mar 2 Sold merchandise on account to Equinox Co., S18,900, terms FOB destination, 1/10, n/30. The cost of the goods sold was $13,300. Sold merchandise for $11 .350 plus 6% sales tax to re was $7,000. 3 l cash customers. The eostotthegoods sold 4 Sold merchandise on account to Empire Co, $55,400, terms FOB shipping point, n/eom. The cost of the goods sold was $33,200 Sold merchandise for $30,000 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $19,400 5 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 the goods 16 Sold merchandise on account to Targhee Co., $27,500, terms FOB shipping point, 1/10, n/30. The cost sold was $8,350
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