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 $2,940 on account to Song, Inc , in payment of Invoice 1885 dated December 30, 2018, less cash discount of $60 10 Purchased merchandise for $3,500 from Song, Inc , Invoice 1920 terms 2 10, n 30 15 Received Credit Memorandum 320 from Song, Inc , for damaged merchandise totaling $300 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 $4,400 from Song, Inc , Invoice 1950 terms 2 10, n 30 GENERAL LEDGER ACCOUNTSBOWDEN COMPANY 201 Accounts Payable, $3,000 Cr ACCOUNTS PAYABLE LEDGER ACCOUNTBOWDEN COMPANY Song, Inc , $3,000 Song, Inc DATE TRANSACTIONS 2019 Jan 8 Received payment of $2,940 on account from Bowden Company in payment of Invoice 1885 dated December 30, 2018, less cash discount of $60 10 Sold merchandise for $3,500 on account to Bowden Company, Invoice 1920, terms 2 10, n 30 15 Issued Credit Memorandum 320 to Bowden Company for damaged merchandise totaling $300 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 $4,400 to Bowden Company, Invoice 1950 terms 2 10, n 30 GENERAL LEDGER ACCOUNTSSONG, INC 111 Accounts Receivable, $3,000 Dr ACCOUNTS RECEIVABLE LEDGER ACCOUNTSONG, INC Bowden Company, $3,000 Required Journalize the transactions above in a general journal for both Bowden Company and Song, Inc Post the transactions to the appropriate accounts in the general ledger and the accounts payable subsidiary ledger for Bowden Company 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

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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

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 $2,940 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 2018, less cash discount of $60.
	10	Purchased merchandise for $3,500 from Song, Inc., Invoice 1920; terms 2/10, n/30.
	15	Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $300 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 $4,400 from Song, Inc., Invoice 1950; terms 2/10, n/30.

GENERAL LEDGER ACCOUNTSBOWDEN COMPANY 201 Accounts Payable, $3,000 Cr.

ACCOUNTS PAYABLE LEDGER ACCOUNTBOWDEN COMPANY Song, Inc., $3,000

Song, Inc.

DATE		TRANSACTIONS
2019
Jan.	8	Received payment of $2,940 on account from Bowden Company in payment of Invoice 1885 dated December 30, 2018, less cash discount of $60.
	10	Sold merchandise for $3,500 on account to Bowden Company, Invoice 1920, terms 2/10, n/30.
	15	Issued Credit Memorandum 320 to Bowden Company for damaged merchandise totaling $300 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 $4,400 to Bowden Company, Invoice 1950; terms 2/10, n/30.

GENERAL LEDGER ACCOUNTSSONG, INC. 111 Accounts Receivable, $3,000 Dr.

ACCOUNTS RECEIVABLE LEDGER ACCOUNTSONG, INC. Bowden Company, $3,000

Required:

Journalize the transactions above in a general journal for both Bowden Company and Song, Inc.

Post the transactions to the appropriate accounts in the general ledger and the accounts payable subsidiary ledger for Bowden Company.

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?