Posting purchases and cash payment transactions.

INSTRUCTIONS
1. Open the general ledger accounts and accounts payable ledger accounts indicated below. Enter the balances as of June 1, 2016.
2. Post the transactions in Problem 8.4A to the appropriate accounts in the general ledger and the accounts payable subsidiary ledger.
3. Prepare a schedule of accounts payable at June 30, 2016.
GENERAL LEDGER ACCOUNTS
101 Cash, $37,400 Dr.
201 Accounts Payable
501 Purchases
502 Purchases Returns and Allowances
503 Purchases Discounts
504 Freight In
ACCOUNTS PAYABLE LEDGER ACCOUNTS
BioCenter Inc.
New Concepts Corporation
Park Research
Analyze: What was the amount of merchandise returned to vendors by NewTech Medical
Devices in June?