5 20 points Book Print References Problem 8.3A (Algo) Posting purchases and cash payment transactions. LO 8-3, 8-4, 8-5 Big Country Ski Shop is a retail store that sells ski equipment and clothing. Big Country Ski Shop commenced business on September 1, 20X1. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during September 20X1 follow. DATE 2001 TRANSACTIONS Seven. 2 Purchased ski boots for $6,500 plus a freight charge of $300 from Colorado Ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $12,100 from Alaska Supply Company, Invoice 5916; terms 1/10, 1/30. 7 Received Credit Memorandum 165 for 5990 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased ski jackets for $4,900 from Cold Mountain Clothing Company, Invoice 4091, terms /30. 12 Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. 22 Purchased ski poles for $4,668 plus a freight charge of $165 from Alaska Supply Company, Invoice 5950; teres 3/10, n/30. 23 Purchased ski pants for $3,150 from Swenson Ski Goods, Invoice $28, teres n/30. 25 Received Credit Memorandum 245 for $390 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice $28. 27 Purchased ski sweaters for $3,500 plus a freight charge of $145 from Colorado Ski Shop, Invoice 6722, terms /30. se Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. Required: 2a. Post the transactions to the appropriate accounts in the general ledger 2b. Post the transactions to the appropriate accounts in the accounts payable ledger. 3. Prepare a schedule of accounts payable. Ch Ch 8: Homework 5 20 points Book Prin References Required: Saved 28. Post the transactions to the appropriate accounts in the general ledger 2b. Post the transactions to the appropriate accounts in the accounts payable ledger 3. Prepare a schedule of accounts payable GENERAL LEDGER ACCOUNTS 101 Cash, $27,000 Dr. 201 Accounts Payable 501 Purchases 582 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts Help ACCOUNTS PAYABLE LEDGER ACCOUNTS Alaska Supply Company Cold Mountain Clothing Company Colorado Ski Shop Swenson Ski Goods Analyze: What portion of the purchases in September, before purchases returns and allowances and before purchases discounts, were for a clothing items? Include ski boots as a clothing item Save & Exit Submit Check my work