PR 5-1A. Purchase-Related Transactions Using Perpetual Inventory System Obj. 2 The following selected transactions were completed by Betz Company during July of the current year: July 1 3 5 6 13 14 Purchased merchandise from Sabol imports Co $20,500, terms FOB destination, 1930, Purchased merchandise from Saxon Co. $12,000, temme FOB shipping point, 2/10.com Propeld freight of $75 was added to the inwoloo Purchased merchandise from Schneo Co 58,000, torms FOB destination 2/10, 1/30. Issued debt memo to Schnee Co. for merchandise with an invoice amount of $1,500 returned from purchase on July 5 Pald Saxon Co. for invoice of July 3, Paid Schnoo Co for invoice of July 4, loss dobit momo of July 6. Purchased merchandise from Southmont Co, $19,000, torms FOB shipping point, weom. Pald freight of 5140 on July 19 purchase from Southmont Co. Purchased merchandise from Stevens Co., $33,000, terma Foe destination, 1/10, 1/30 Pald Stevens Co. for invoice of July 20 Paid Sabol Imports Co, for invoice of Juy 1 Pald Southmont Co. for invoice of July 19 19 19 20 30 31 31 INSTRUCTIONS Journalize the entries to record the transactions of Betz Company for July