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Business, 12.12.2019 05:31 hasshh

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 purchased merchandise from sabol imports co., $20,500, terms fob destination, n/30. 3 purchased merchandise from saxon co., $12,000, terms fob shipping point, 2/10, n/eom. prepaid freight of $75 was added to the invoice. 5 purchased merchandise from schnee co., $8,000, terms fob destination, 2/10, n/30. journalize the entries to record the transactions of betz company for july. refer to the chart of accounts for exact wording of account titles.

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