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Big Country Skl Shop is a retall store that sells ski equipment and clothing. Big Country Skl Shop commenced business on September 1, 2019. The
Big Country Skl Shop is a retall store that sells ski equipment and clothing. Big Country Skl Shop commenced business on September 1, 2019. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during September 2019 follow: DATE TRANSACTIONS 2819 Sept. 2 Purchased ski boots for $5,380 plus a freight charge of $248 from Colorado Ski Shop, Invoice 6672, terms n/3e 3 Purchased skis for $18,980 from Alaska Supply Company, Invoice 5916; terms 3/18, n/3e 7 Received Credit Memorandum 165 for $878 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 $3,708 from Cold Mountain Clothing Company, Invoice 4891, terms n/3e 12 Issued Check 184 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less 22 Purchased ski poles for $3,468 plus a freight charge of $185 from Alaska Supply Company, 23 Purchased ski pants for $1,950 from Swenson Ski Goods, Invoice 528, terms n/3e the cash discount Invoice 5950, terms 3/18, n/3e 25 Received Credit Memorandum 245 for $270 from Swenson Ski Goods for return of defective ski 27 Purchased ski sweaters for $3,980 plus a freight charge of $165 from Colorado Ski Shop, Invoice 30 Issued Check 110 to colorado Ski Shop n payment of Invoice 6672, dated September 2, less the pants; the pants were originally purchased September 23 on Invoice 528 6722, terms n/3e return of September 7 Required 1. Open the general ledger accounts and accounts payable ledger accounts Indicated below. Enter the balance of Cash as of September 1, 2019. 2. Post the entries from the general Journal to the approprlate accounts In the general ledger and In the accounts payable ledger 3. Prepare a schedule of accounts payable
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