July 1. Sold merchandise on account to Landscapes Co., $10,600, terms FOB shipping point, n/eom. The cost of merchandise sold was $6,400.
2. Sold merchandise for $20,200 plus 6% sales tax to retail cash customers. The cost of merchandise sold was $13,100.
5. Sold merchandise on account to Peacock Company, $31,000, terms FOB destination, 2/10, n/30. The cost of merchandise sold was $20,200.
8. Sold merchandise for $9,400 plus 5% sales tax to retail customers who used VISA cards. The cost of merchandise
sold was $5,600.
13. Sold merchandise to customers who used MasterCard cards, $6,000. The cost of merchandise sold was $3,800.
14. Sold merchandise on account to Loeb Co., $14,200, terms FOB shipping point, 1/10, n/30. The cost of merchandise sold was $8,400.
15. Received check for amount due from Peacock Company for sale on July 5.
16. Issued credit mema for $2,079 to Loeb Co. for damaged merchandise from sale on July 14. Loeb Co. kept the merchandise.
18. Sold merchandise on account to Jennings Company, $5,900, terms FOB shipping point, 2/10, n/30. Paid $340 for freight and added it to the invoice. The cost of merchandise sold was $3,500.
24. Received check for amount due from Loeb Co. for sale on July 14 less credit memo of July 16.
28. Received check for amount due from Jennings Company for sale of July 18.
31. Paid Black Lab Delivery Service $1,540 for delivery of merchandise in July to customers under shipping terms of FOB destination.
31. Received check for amount due from Landscapes Co. for sale of July 1.
Aug. 3. Paid Hays Federal Bank $1,030 for service fees for handling MasterCard and VISA sales during July.
10. Paid $1,930 to state sales tax division for taxes owed on sales.
Required:
Journalize the entries to record the transactions of Green Lawn Supplies Co. If an amount box does not require an entry, leave it blank.