Bowden Company (buyer) and Song, Inc. (seller), engaged in the following transactions during January 2019: Bowden Company DATE TRANSACTIONS 2019 Jan. 8 Issued Check 2101 for $2,254 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $46. 10 Purchased merchandise for $1,650 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 $3,500 from Song, Inc., Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-BOWDEN COMPANY 201 Accounts Payable, $2,300 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,300 ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,300 Song, Inc. DATE TRANSACTIONS 2019 Jan. 8 Received payment of $2,254 on account from Bowden Company in payment of Invoice 1885 dated December 30, 2018, less cash discount of $46. 10 Sold merchandise for $1,650 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 $3,500 to Bowden Company, Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-SONG, INC. 111 Accounts Receivable, $2,300 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2,300 ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2,300 Required: 1. Journalize the transactions above in a general journal for both Bowden Company and 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 View journal entry worksheet No Debit Credit Date Jan 08, 2019 General Journal Cash Accounts receivable/Bowden Company Bowden Company (buyer) and Song, Inc. (seller), engaged in the following transactions during January 2019: Bowden Company DATE TRANSACTIONS 2019 Jan. 8 Issued Check 2101 for $2,254 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $46. 10 Purchased merchandise for $1,650 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 $3,500 from Song, Inc., Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-BOWDEN COMPANY 201 Accounts Payable, $2,300 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,300 ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,300 Song, Inc. DATE TRANSACTIONS 2019 Jan. 8 Received payment of $2,254 on account from Bowden Company in payment of Invoice 1885 dated December 30, 2018, less cash discount of $46. 10 Sold merchandise for $1,650 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 $3,500 to Bowden Company, Invoice 1950; terms 2/10, n/30. GENERAL LEDGER ACCOUNTS-SONG, INC. 111 Accounts Receivable, $2,300 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2,300 ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2,300 Required: 1. Journalize the transactions above in a general journal for both Bowden Company and 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 View journal entry worksheet No Debit Credit Date Jan 08, 2019 General Journal Cash Accounts receivable/Bowden Company