The following solected transactions were completed by Amsterdam Supply Co0, which sells offico supplies primurly to other businesses and occasionaty to retal cuatomers: Record on page 10 of the journat Mar. 2 Sold merchandise on account to Equinox Co, $18,900, terms ECB destination, n/30 The cost of the goods sold was $13,300. 3. Sold merchandise for $11,350 plus 6% sales tax to retail cash customers. The cost of the gocods vold. was $7,000. 4 Sold merchandise on account to Empire Co, $55,400, terms FCB stipeing point, Neom. The cost of the goods sold was $33,200 5 Sold merchandse for $30,000 to retail customers who used MasterCard. The cost of the goods sold was $19,400. The printed receipts for retal customers incladed a coupon for $2 off the customer's next purchase, it is estmated that 2,000 of the coupons will be redeemed. Create a compound journal entry for the sale and coupon payable estimate. 14 Sold $18,000 of merchandise to retail customers whe used Masteicard and whe redeemed 850 of the $2 coupons issued on March 5 . The cost of the goods sold was $10,500. 16 Sold meechandise on account to Targhee Co, $27,500, terms FCB shipping point, nOO. The cost of the goods sold was $16,000 18 Issued creds merno to targhee Co for merchandise with an imoice amount of $4,800 returned from sale on March 16. The cost of the merchandise returned was $2,900. 18 Issued creds meme to Targhee Co. for menchandise with an imroice amount of $4,800 returned from sale on March 16. The cost of the merchandise returned was $2,900. Peoord on page 11 of the joumal Mar. 19 Sold merchandise on account to Vista C0, \$8,250, terms FOe shipping point, nleom Added $75 to 104 invoice for prepaid treight. The cost of the goods sold was $5,000. Record the freight as a separate transaction. 31 Received check for amount dve bom Vasta Co. for sale of March 19. 31 Received check for amount due trom Empire Co. for sale of March 4. 31 Pad Fleetwood Delvery Service \$5,600 for merchandse delvered during March vo oustomers under shipping terms of Foe destination. 31 Pad local newspaper \$1,200 for advectining that included point-ot-sale coupons lor $15 of Apri putchases of $75 or more. It is entimated that 500 of the cospons will be redeemed, (Do not create arty liabihy for the estimased coupon redemption at this time.) Ape. 1 Reoeived check for amourt bue from Equinor Co. for swe on March 2 3 Paid Cly Bank \$940 for service lees for handing MavierCard and Amencav Express maies during March 15 Paid \$6,544 to state sales tax division for taxes owed on sulps 16 Received check for amoure dve from Targhee Co for sale on Manch 16 less credit memo of March 18. transaction. 31 Received check for arnount due from Vista Co. for sale of March 19 31 Received check for amount due from Empire Co, for sale of March 4. 31 Paid Fleetwood Delivery Service \$5,600 for menchandise dethered durng March lo customens under shipping terms of FOB destination 31 Paid local newspaper $1,200 for advertising that included point of -sale coupons for $15 of Apnit purchases of $75 or more. It is estimated that 500 of the coupons wit be tedeemed. (Do not crease any hability lor the estimated coupen tedemption at this time) Ape. 1 Heceived check for amount due froen Equinox Co. for sale on March 2. 3 Paid City Bank s940 lor service lees foe handing MaverCard and American Er wrets sales buing March. 15 Paid s0,544 to vale swes tax division for taxes owed on sales: 15 Aeceived check for amount due trem Targhee Co for sale on March 16 iess credu memo of March 18 300 of the point of sale, 515 -off cowpons dstrbuved on March 31. The cost of the merchandive sold was $16,750. Required: Joumalice the entries to recond the fransactons of Amsterdam Supply Co Journalize the entries to record the transactions of Amsterdam Supply Co. General Joumal II I is 16 is tit 11 II a in n. n) is 35 x
