1. On Sept. 1, Magers Department Store has the following balances in the accounts payable subsidiary ledger and general ledger. Open the accounts and record the Sept. 1 balances. Acct. Title Cash in Bank Prepaid Insurance Supplies Office eda Payable 58,349.00 Accounts Payable Purchases Transportation In Purchases Discounts Bank Card Fees Exp 484.00 Miscellaneous Exp Rent Exp Utilities Exp Sept 1 Balance 101 120 125 140 201 501 505 510 605 $32,241.65 ,300.00 5,450.00 3,990.00 ACCOUNTS PAYABLE SUBSIDIARY LEDGER $ 90 bal. $1,400 bal Belleview Co. BKP Kitchen Products Loup Corp. Randolph Linens Richmond Designs 2,225.00 870.00 643.00 12,700.00 2,942.00 $2,500 bal 625 635 2. Record the following transactions in the Purchases Journal (page 3) and the Cash Payments Journal (page 7). Daily - post to the accounts payable ledger from both journals. Also, post the General columns of both journals Sept. 1 Purchased merchandise on account from 8KP Kitchen Products, $3000.00. Invoice BK-87 Issued Check 388 for $1,500 to Melrose Real Estate for the Sept. rent. Wrote Check 389 for $1,470 to Richmond Designs in payment of an invoice for $1,500 less a discount of $30 Paid BKP Kitchen Products $1,300 on account, Check 390. 2 5 ? 9 Paid the monthly telephone bill of $287.43. Check 391 12 Purchased merchandise for cash from Randolph Linens, $1,875.39. Check 392. 15 Bought office equipment on account from Loup Corp., $5,400, Invoice 3255 policy, $845 merchandise purchased on account. 16 Issued Check 393 to State Farm insurance for a one-year insurance Issued Check 394 for $95 for carpet cleaning (Misc. Ex.) Received Invoice 921 from Randolph Linens for $2,822.85 worth of 18 24 Bought $220 worth of supplies from Loup Corp. on account, Invoice 33. 25 Purchased merchandise on account from Belleview Co., $1,945. inv. 87 26 Wrote check 395 for $35 for freight charges on merchandise bought from Belleview 27 Sent check 396 for $90 to Beileview Co. on account. 28 Recorded the monthly bank service charge of $15, Sept. bank statement 28 Recorded the $77.75 bank card fee, Sept. bank statement. 29 Sent Check 397 to Loup Corp. for $5,292 in payment of Invoice 3255 for $5,400 less a $108 discount 3. Total both journals. Prove do debits and credits equal in each journalt? 4 Post the columns totals to the general ledger. Post the purchases journal totals first. 5 Prepare a schedule of accounts payable