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Purchase$-$related transactions using perpetual inventory system

Chart of Accounts

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Instructions

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, $\frac{n}{30}.$

$3$ Purchased merchandise from Saxon Co$.,$ $$8,950,$ terms FOB shipping point, $\frac{2}{10},$ n$/$eom$.$ Prepaid freight of $$225$ was added to the invoice.

$5$ Purchased merchandise from Schnee Co$.,$ $$13,450,$ terms FOB destination, $\frac{2}{10},\frac{n}{30}.$

$6$ 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 freight of $$420$ on July $19$ purchase from Southmont Co$.$

$20$ Purchased merchandise from Stevens Co$.,$ $$20,200,$ terms FOB destination, $1/10,\frac{n}{30}.$

$30$ 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.