Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? Complete this question by entering your answers in the tabs below. Ledgers Purchases General Schedule Journal Journal of AP Analyze What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? (Round your percentage answer to 1 decimal place.) Show less Purchases returns and allowances Percentage of total purchases % (Schedule of AP Analyze Office Plus is a retail business that sells office equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for September are shown below. The general ledger accounts and the creditors' accounts in the accounts payable subsidiary ledger used to record these transactions are also provided. All balances shown are for the beginning of September GENERAL LEDGER ACCOUNTS Accounts payable, 205 $28,226 Cr. 501 Purchases 502 Freight In Purchases returns and 503 allowances Creditors Name Apex Office Machines, Inc. Brown Paper Company Dalton Office Furniture Company Davis Corporation Zenn Furniture, Inc. Terms n/60 1/10 n/30 n/30 n/30 2/10, n/30 Balance $10,930 2,090 9,546 5,660 DATE TRANSACTIONS Sept. 3 Purchased desks for $7,890 plus a freight charge of $209 from Dalton Office Furniture Company, Invoice 4213, dated August 29; the terms are 30 days net. 7 Purchased computers for $11,960 from Apex Office Machines, Inc., Invoice 9217, dated September 2, net due and payable in 60 days. 10 Received Credit Memorandum 511 for $576 from Dalton Office Furniture Company; the amount is an allowance for damaged but usable desks purchased on Invoice 4213, dated August 29. 16 Purchased file cabinets for $2,526 plus a freight charge of $121 from Davis Corporation, Invoice 8966, dated September 11; the terms are 30 days net. 20 Purchased electronic desk calculators for $1,100 from Apex Office Machines, Inc., Invoice 11011, dated September 15, net due and payable in 60 days. 23 Purchased bond paper and copy machine paper for $7,200 plus a freight charge of $100 from Brown Paper Company, Invoice 6498, dated September 18; the terms are 1/10, n/30. 28 Received Credit Memorandum 312 for $850 from Apex Office Machines, Inc., for defective calculators that were returned; the calculators were originally purchased on Invoice 11011, dated September 15. 30 Purchased office chairs for $3,810 plus a freight charge of $157 from Zenn Furniture, Inc., Invoice 696, dated September 25; the terms are 2/10, n/30. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for September 1, 20XL 2. Open the creditors' accounts in the accounts payable subsidiary ledger and enter the balances for September 1. 3. Record the transactions in a three-column purchases journal and in a general journal. 4. Post to the accounts payable subsidiary ledger daily. 5. Post the entries from the general Journal to the proper general ledger accounts at the end of the month. 6. Total and rule the purchases journal as of September 30. 7. Post the column totals from the purchases Journal to the proper general ledger accounts. B. Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable. Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? Complete this question by entering your answers in the tabs below. Ledgers Purchases General Schedule Journal Journal Analyze of AP Enter the opening balances and transactions into the appropriate ledger accounts. General Ledger Accounts Payable Account No. 205 Purchases Account No. 501 Date Debit Credit Balance Date Debit Credit Balance Sep 01, 20X1 Seps0,20X1 Sep 10,20X1 Sep 28,20X1 Sep30,20X1 Freight in Date Debit Sep30,20X1 Account No. 502 Credit Balance Purchases Returns and Allowances Debit Sep10,20X1 Sep28,20X1 Account No. 503 Credit Balance Date Accounts Payable Subsidiary Ledger Terms n/60 Brown Paper Company Credit Balance Date Debit Sep 01, 20X1 Sep23,20X1 Apex Office Machines, Inc. Date Debit Sep 01, 20X1 Sep07,20X1 Sep 20,20X1 Sep 28,20X1 Terms 1/10, n/30 Credit Balance Terms n/30 Credit Balance Dalton Office Furniture Company Date Debit Sep 01, 20X1 Sep03,20X1 Sep 10,20X1 Davis Corporation Date Debit Sep 16,20X1 Terms n/30 Credit Balance Terms 2/10, n/30 Credit Balance Zenn Furniture, Inc. Date Debit Sep 01, 20X1 Sep 30,20X1 Ledgers Purchases Journal > Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? Complete this question by entering your answers in the tabs below. Ledgers Purchases General Schedule Journal Journal of AP Analyze Prepare a three-column purchase journal to record the above transactions for September, 20x1. PURCHASES JOURNAL Accounts Purchases Freight Invoice Date of Date Account Terms Payable Number Invoice Credit Debit in Debit Sept. 30 Totals S 0 S 0 $ 0 View transaction list Journal entry worksheet Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? Complete this question by entering your answers in the tabs below. Ledgers Purchases General Schedule Journal Journal of AP Analyze Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable. OFFICE PLUS Schedule of Accounts Payable September 30, 20X1 Total $