Record on page 11 of the journal 19 Sold merchandise on account to Vista Co., $8,250, terms FOB shipping point, 2/10, n/30. Added $75 to the invoice for prepaid freight. The cost of merchandise sold was $5,000. 26 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 19. 28 31 Received check for amount due from Empire Co. for sale of March 4. 31 Paid Fleetwood Delivery Service $5,600 for delivery of merchandise in March to customers under shipping terms of FOB destination. Apr. 3 Paid City Bank $940 for service fees for handling MasterCard and American Express sales during March. 15 Paid $6,544 to state sales tax division for taxes owed on sales. Required: Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

No. Accounts Title & Explanation Debit Credit 1 Prepaid Insurance 5,400 Cash 5,400 2 Uniform Inventory 146,000 Accounts Payable 146,000 3e Account Receivable 193,800 Sales Revenue 193,800 (To record the sale of goods) 3b Cost of Good Sold 100,000 Inventory 100,000 (To record the cost) 4 Cash 134,625 Accounts Receivable 403,875 Service Revenue 538,500 5 Accounts Payable 137,100 Cash 137,100 6 Cash 246,000 Accounts Receivable 246,000 7 Advertising Expense 13,700 Cash 13,700 8 Interest expense 10,500 Bank Loan Payable 30,000 Cash 40,500 9 Cash 3,000 Dividend Revenue 3,000 10 Utility Expense 16,600 Cash 16,600 11 Dividends Declared 14,400 Cash 14,400 12s Wages Expense 94,000 Wage Payable 8,000 Cash 102,000 (To record accrued wages) 12b Wages Expense 2000 Wage Payable 2000 13 Depreciation Expense 30,000 Accumulated Depreciation Equipment 30,000 14 Insurance expense 1,800 Prepaid Insurance 1,800 Enter the beginninin belances from 2023, post the 2024 journal entries and determine the ending…

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Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common stock 1,387 Cost of goods sold 7,578 Current portion of long-term debt 24 Depreciation expense 108 Dividends 13 Goodwill and other long-term assets 2,627 Income tax expense 24 Income taxes payable 12 Interest expense 54 Interest revenue 11 Inventories 930 Long-term liabilities 1,585 Prepaid expenses and other current assets 65 Property and equipment 2,389 Retained earnings 825 Sales 9,710 Selling, general, and administrative expenses 2,276 Unearned revenue 990 Wages payable 148 Prepare the balance sheet.