General Journal Shaded cells have feedback. The following selected transactions were completed by Betz Company during July of the current year: July 1 Purchased merchandise from Sabol Imports Co., $13,701, terms FOB destination, n/30. 3 Purchased merchandise from Saxon Co., $8,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $225 was added to the invoice. 5 Purchased merchandise from Schnee Co., $13,450, terms FOB destination, 2/10,n/30. 6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,250 returned from purchase on July 5 . 13 Paid Saxon Co. for invoice of July 3. 14 Paid Schnee Co. for invoice of July 5 , less debit memo of July 6. 19 Purchased merchandise from Southmont Co., $28,290, terms FOB shipping point, n/eom. 19 Paid freinht of S20 on. Iuly 19 nurchase from Southmont Cn General Journal Shaded cells have feedback. \begin{tabular}{|r|r|l|l|l|} \hline 19 & 30 & Accounts Payable-Southmont Co. \\ \hline 20 & & Cash \\ \hline 21 & 31 & Cash \\ \hline 22 & & Accounts Payable-Sabol Imports Co. \\ \hline 23 & 31 & Accounts Payable-Southmont Co. \\ \hline 24 & & Cash & \\ \hline 25 & 1 & \\ \hline 26 & 1 & \\ \hline 27 & 1 & & \\ \hline \end{tabular} 19,998.00 19,998.00 13,701.00 13,701.00 28,290.00 28,290.00 General Journal Shaded cells have feedback. \begin{tabular}{|r|r|l|r|r|} \hline 9 & 13 & Accounts Payable-Saxon Co. & 8,996.00 & \\ \hline 10 & Cash & & 8,996.00 \\ \hline 11 & 14 & Cash & 9,016.00 & \\ \hline 12 & Accounts Payable-Schnee Co. & & 9,016.00 \\ \hline 13 & 19 & & 28,290.00 & \\ \hline 14 & & Accounts Payable-Southmont Co. & & 28,290.00 \\ \hline 15 & 19 & Inventory & 420.00 & \\ \hline 16 & Cash & & 420.00 \\ \hline 17 & 20 & Inventory & 19,998.00 & \\ \hline 18 & Accounts Payable-Stevens Co. & & 19,998.00 \\ \hline \end{tabular} General Journal Shaded ce Chart of Accounts CHART OF ACCOUNTS Betz Company General Ledger ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 521 Delivery Expense 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 13 Paid Saxon Co. for invoice of July 3. 14 Paid Schnee Co. for invoice of July 5 , less debit memo of July 6. 19 Purchased merchandise from Southmont Co., $28,290, terms FOB shipping point, n/eom. 19 Paid freight of $420 on July 19 purchase from Southmont Co. 20 Purchased merchandise from Stevens Co., $20,200, terms FOB destination, 1/10, n/30. 30 Paid Stevens Co. for invoice of July 20. 31 Paid Sabol Imports Co. for invoice of July 1. 31 Paid Southmont Co. for invoice of July 19. Required: Journalize the entries to record the transactions of Betz Company for July. General Journal Chart of Accounts 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 LIABILITIES 211 Accounts Payable-Sabol Imports Co. 212 Accounts Payable-Saxon Co. 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 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense