The following selected transactions were completed by Betz Company during July of the current year. Betz Company uses the net method under a perpetual inventory system. July 1 3 5 Purchased merchandise from Sabol Imports Co., $13,701, terms FOB destination, n/30. Purchased merchandise from Saxon Co., $8,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $225 was added to the invoice Purchased merchandise from Schnee Co., $13,450, terms FOB destination, 2/10, n/30. Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,250 returned from purchase on July 5. Paid Saxon Co. for invoice of July 3. Paid Schnee Co. for invoice of July 5, less debit memo of July 6. Purchased merchandise from Southmont Co., $28,290, terms FOB shipping point, 6 13 14 19 n/eom. 19 Paid freight of $420 on July 19 purchase from Southmont Co. Purchased merchandise from Stevens Co., $20,200, terms FOB destination, 20 1/10, n/30. 30 Paid Stevens Co. for invoice of July 20. Paid Sabol Imports Co. for invoice of July 31 1. 31 Paid Southmont Co. for invoice of July 19. CHART OF ACCOUNTS Betz Company General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense LIABILITIES Depreciation Office Equipment 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Sabol Imports Co. 212 Accounts Payable- Saxon Co. 213 Accounts Payable- Schnee Co. 214 Accounts Payable- Southmont Co. 215 Accounts Payable- Stevens Co. 216 Salaries Payable 218 Sales Tax Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Journal Shaded cells have feedback Joumalize the entries to record the transactions of Betz Company for July. Refer to the Chart of Accounts for exact wording of account titles. How does grading work? JOURNAL Score: 300/301 ACCOUNTING EQUATI POST. REF. DEBIT AGSETS 1 CREDIT 13,701.00 LABILITIES 1 DATE DESCRIPTION Jul 1 Accounts Payable-Sabol imports Co. Inventory Jul 3 Inventory Accounts Payable-Saxon Co. 13,701.00 1 1 8,996.00 1 8,996.00 13,181.00 JUL 5 inventory Accounts Payable-Schnee Co. In Davalarhaan 13.18100 416 Chart of Accounts Journal Shaded cells have feedback. DATE POST. REF. DEBIT ASSETS LIABILMES DESCRIPTION Accounts Payable-Sabol Imports Co. CREDIT 13,701.00 1 JUL 1 2 Inventory 1 13,701.00 8,996.00 3 JUL. 3 Inventory 1 Accounts Payable-Saxon Co. 8,996.00 TER 13,181.00 1 15,181.00 Jul 5 Inventory Accounts Payable-Schnee Co. Accounts Payable-Schnee Co. Inventory 13 Accounts Payable-Saxon Co 4,165.00 4,165.00 8,996.00 Cash 8,996.00 11 14 Accounts Payable-Schnee Co. 9,016,00 9,016.00 Chart of Accounts Journal Shaded calls have feedback 13 19 28,290.00 Inventory Accounts Payable-Southmont Co. 14 28,290.00 16 19 Inventory 420.00 1 Cash 420.00 + 19,998.00 1 20 Inventory Accounts Payable-Stevens Co. 30 Accounts Payable Stevens Co. 19,998.00 9 19,998.00 20 19,998.00 31 Accounts Payable-Sabol imports Co. 15,701.00 Cash 13,70100 25 51 Accounts Payable-Southmont Co. 28,290.00 22 Cash 28,290.00 Chart of Accounts Journal Shaded calls have feedback 13 19 Inventory 28,290.00 1 14 Accounts Payable-Southmont Co. 28,290.00 1 115 19 Inventory 420.00 1 16 Cash 420.00 1 17 20 Inventory 19,998.00 1 18 19,998.00 13 Accounts Payable-Stevens Co. 50 Accounts Payable-Stevens Co. Cash 19,998.00 20 19,998.00 21 31 13,701.00 Accounts Payable-Sabol Imports Co. Cash 13,701.00 + 23 31 Accounts Payable-Southmont Co. 28,290.00 24 Cash 28,290.00