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Purchase-related transactions using perpetual inventory system Instructions Chart of Accounts Journal Instructions The following selected transactions were completed by Betz Company during July of the content year Bete Company uses the nel method under a perpetual inventory system July | Purchased merchandise from Sabor imports Co. $13,725, torms FOs destination, 1/30. 3 Purchased merchandise from Saxon Co. 510,680, terms FOB shipping point, 2010, nrom. Prepaid freight of $205 was added to the invoice 5 Purchased merchandise from Schnee Co., $12,800, terms FOB destination, 2/10, n/30, ols Issued debit mimo to Schnee Co. for merchandise with an involce amount of 54,560 returned from purchase on July 5 13 Paid Saxon Co, for invoice of July 16 Paid Schnee Co for invoice of July 5, less debit memo of July 6. 19 Purchased merchandise from Southmont Co. 520.160, forms FOB shipping point, com Purchase-related transactions using perpetual inventory system Instruction Chart of Accounts Journal Instructions 13 14 10 19 Paid Saxon Co for invoice of July 3 Paid Schnee Co for invoice of July 5, less debit memo of July Purchased merchandise from Southmont Co., 520,160, torms FOB shipping point, nicom Paid freight of 5425 on July 10 purchase from Southmont Co. Purchased merchandise from Stevens Co., 522,400, terme FOB destination, 1/10.30 Paid Stevens Co. for invoice of July 20 Paid Sabol imports Co. for invoice of July 1 Paid Southmont Co for invoice of July 19. 20 30 31 31 Journalize the entries to record the transactions of Betz Company for July Refer to the Chart of Accounts for exact wording of accounts Purch Inn Chart of Account Journal Instructions Journal Joumalize the entries to record me transactions of Bete Company for Refer to the Chair of Accounts for exact woning of accounts ACCO JOURNAL ROER BE DESCRIPTION 1 1 10:29 PM