Bowden Company (buyer) and Song, Inc. (seller), engaged in the following transactions during January 20X1: Bowden Company DATE TRANSACTIONS 20x1 Jan. 8 Issued Check 2101 for $2,744 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $56. 10 Purchased merchandise for $1,400 from Song, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $100 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Song, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $3,000 from Song, Inc., Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-BOWDEN COMPANY 201 Accounts Payable, $2,800 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,800 Song, Inc. DATE TRANSACTIONS 20x1 Jan. 8 Received payment of $2,744 on account from Bowden Company in payment of Invoice 1885 dated December 30, 2oxo, less cash discount of $56. 10 Sold merchandise for $1,400 on account to Bowden Company, Invoice 1920, terms 2/10, n/30. 15 Issued Credit Memorandum 320 to Bowden Company for damaged merchandise totaling $100 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Received payment from Bowden Company for Invoice 1920 of January 10, less the return of January 15 and less the cash discount. 30 Sold merchandise for $3,000 to Bowden Company, Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-SONG, INC. 111 Accounts Receivable, $2,800 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2,800 Required: 1a. Journalize the transactions above in a general journal for Bowden Company. 1b. Journalize the transactions above in a general journal for Song, 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 Song, Inc., in the Bowden Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bowden Company in the Song, Inc., accounts receivable subsidiary ledger? Complete this question by entering your answers in the tabs below. Bowden Journal Song Journal Bowden Ledgers Song Ledgers Analyze Record these transactions in a general journal for Bowden Company assuming that they use the periodic system. View transaction list Journal entry worksheet 1 2 3 4 5 > Issued Check 2101 for $2,744 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $56. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 08. 20X1 Record entry Clear entry View general journal Song Journal Bowden Company (buyer) and Song, Inc. (seller), engaged in the following transactions during January 20X1: Bowden Company DATE TRANSACTIONS 20x1 Jan. 8 Issued Check 2101 for $2,744 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $56. 10 Purchased merchandise for $1,400 from Song, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $100 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Song, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $3,000 from Song, Inc., Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-BOWDEN COMPANY 201 Accounts Payable, $2,800 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,800 Song, Inc. DATE TRANSACTIONS 20x1 Jan. 8 Received payment of $2,744 on account from Bowden Company in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $56. 10 Sold merchandise for $1,400 on account to Bowden Company, Invoice 1920, terms 2/10, n/30. 15 Issued Credit Memorandum 320 to Bowden Company for damaged merchandise totaling $100 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Received payment from Bowden Company for Invoice 1920 of January 10, less the return of January 15 and less the cash discount. 30 Sold merchandise for $3,000 to Bowden Company, Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-SONG, INC. 111 Accounts Receivable, $2,800 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2,800 Required: 1a. Journalize the transactions above in a general journal for Bowden Company 1b. Journalize the transactions above in a general journal for Song, 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 Song, Inc., in the Bowden Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bowden Company in the Song, Inc., accounts receivable subsidiary ledger? Complete this question by entering your answers in the tabs below. Bowden Journal Song Journal Bowden Ledgers Song Ledgers Analyze Record these transactions in a general journal for Song, Inc. assuming that they use the periodic system. View transaction list Journal entry worksheet Received payment of $2,744 on account from Bowden Company in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $56. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 08, 20X1 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Bowden Journal Song Journal Bowden Ledgers Song Ledgers Analyze Post the transactions to the appropriate accounts in the general ledger and the accounts payable subsidiary ledger for Bowden Company. Enter the balances as of January 1, 20X1. GENERAL LEDGER - Bowden Company Accounts Payable Account No: 201 Debit Credit Balance Jan. 1, 20X1 ACCOUNTS PAYABLE SUBSIDIARY LEDGER - Bowden Company Song, Inc. TERMS: 2/10, n/30 Date Debit Credit Balance Jan 1, 20X1 Date Analyze: What is the balance of the accounts payable for Song, Inc., in the Bowden Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bowden Company in the Song, Inc., accounts receivable subsidiary ledger? Complete this question by entering your answers in the tabs below. Bowden Journal Song Journal Bowden Ledgers Song Ledgers Analyze Post the transactions to the appropriate accounts in the general ledger and the accounts receivable subsidiary ledger for Song, Inc. Enter the balances as of January 1, 20X1. GENERAL LEDGER - Song, Inc. Accounts Receivable Account No: 111 Date Debit Credit Balance Jan. 1, 20X1 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER - Song, Inc. Bowden Company Terms Date Debit Credit Balance Jan. 1,20X1 Analyze What is the balance of the accounts payable for Song, Inc., in the Bowden Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bowden Company in the Song, Inc., accounts receivable subsidiary ledger? Complete this question by entering your answers in the tabs below. Bowden Journal Song Journal Bowden Ledgers Song Ledgers Analyze What is the balance of the accounts payable for Song, Inc., in the Bowden Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bowden Company in the Song, Inc., accounts receivable subsidiary ledger? Accounts payable for Song, Inc. Accounts receivable for Bowden Company