Bennington Company DATE TRANSACTIONS 20x1 Jan. @fanued Check 2101 for $2,254 on account to Sanchez, Inc., in payment of Invoice 1895 dated December 30, 20x0, Less cash discount of $46. 10 Purchased merchandise for $1,150 from Sanchez, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Sanchez, Inc., for damaged merchandise totaling $300 that was returned the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Sanchez, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $2,500 from Sanchez, Inc., Invoice 1950; terms 2/10, 1/30. GENERAL LEDGER ACCOUNTS-BENNINGTON COMPANY 201 Accounts Payable, $2,300 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BENNINGTON COMPANY Sanchez, Inc., $2,300 Sanchez, Inc. DATE TRANSACTIONS 20x1 Jan. 8 Received payment of $2,254 on account from Bennington Company in payment of Inveice 1985 dated December 30, 20x0, less cash discount of $46. 10 Sold merchandise for $5,150 on account to Bennington Company. Invoice 1920, terms 2/10, 0730. 15 Issued Credit Memorandum 320 to Bennington Company for damaged merchandise totaling $200 that was returned: the goods were purchased on Invoice 1920, dated January 10. 19 Received payment from Bennington Company for Inveice 1920 of January 10, less the return of January 15 and less the cash discount. 30 Sold merchandise for $2,500 to Bennington Company, Invoice 1950 terms 2/10, 1/30. GENERAL LEDGER ACCOUNTS-SANCHEZ, INC. 111 Accounts Receivable, $2.300 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SANCHEZ, INC. Bennington Company, $2,300 Required: 1a. Journalize the transactions above in a general journal for Bennington Company 1b. Journalize the transactions above in a general journal for Sanchez, Inc. 2. Post the transactions to the appropriate accounts in the general ledger and the accounts payable subsidiary ledger for Bowden Company 3. Post the transactions to the appropriate accounts in the general ledger and the accounts receivable subsidiary ledger for Song, Inc. Analyze: What is the balance of the accounts payable for Sanchez Inc, in the Bennington Company accounts payable subsidiary ledger? What Is the balance of the accounts receivable for Bennington Company in the Sanchez Inc., accounts receivable subsidiary ledger? Prey 12 12 Next