The following selected transactions were completed by Betz Company during July of the current year:
July Purchased merchandise from Sabol Imports Co $ terms FOB destination, n
Purchased merchandise from Saxon Co $ terms FOB shipping point, neom Prepaid freight of $ was added to the invoice.
Purchased merchandise from Schnee Co $ terms FOB destination, n
Issued debit memo to Schnee Co for merchandise with an invoice amount of $ returned from purchase on July
Paid Saxon Co for invoice of July
Paid Schnee Co for invoice of July less debit memo of July
Purchased merchandise from Southmont Co $ terms FOB shipping point, neom
Paid freight of $ on July purchase from Southmont Co
Purchased merchandise from Stevens Co $ terms FOB destination, n
Paid Stevens Co for invoice of July
Paid Sabol Imports Co for invoice of July
Paid Southmont Co for invoice of July
Required:
Journalize the entries to record the transactions of Betz Company for July.
CHART OF ACCOUNTS
Betz Company
General Ledger
