Bushard Company (buyer) and Schmidt, Inc. (seller) engaged In the following transactions during February 2019: Bushard Company DATE 2819 Feb. 1 Purchased merchandise for $5, 788 from Schmidt, Inc, Invoice 1988, terms TRANSACTIONS 2/18, n/3e 13 Received Credit Memorandum 238 from Schmidt, Inc., for damaged merchandise totaling $278 that was returned; the goods were purchased on Invoice 1988, dated February 18 19 Paid amount due to Schmidt, Inc., for Invoice 1988 of February 18, less the return of February 13 and less the cash discount, Check 2818 Schmidt, Inc. DATE 2819 Feb. 18 Sold merchandise for $5,788 on account to Bushard Company, Invoice 1988, TRANSACTIONS terms 2/18, n/3e. The cost of merchandise sold was $3,358 13 Issued Credit Memorandum 238 to Bushard Company for damaged merchandise totaling $278 that was returned; the goods were purchased on Invoice 1988, dated February 1e. The cost of the returned goods was $190 19 Received payment from Bushard Company for Invoice 1988 of February 18, less the return of February 13 and less the cash discount, Check 2818 Both companies use the perpetual Inventory system. Journalize the transactions above In a general Journal for both Bushard Company and Schmidt, Inc. (Round final answers to the nearest whole doller value.) Complete this question by entering your answers in the tabs below Bushard Company Schmidt Inc Journalize the transactions above in a general journal for Bushard Company. DATE 2819 Feb. 18 Sold merchandise for $5,780 on account to Bushard Company, Invoice 1988, TRANSACTIONS terms 2/18, n/3e. The cost of merchandise sold was $3,358 13 Issued Credit Memorandum 238 to Bushard Company for damaged merchandise totaling $278 that was returned; the goods were purchased on Invoice 198 dated February 1e. The cost of the returned goods was $19e 19 Received payment from Bushard Company for Invoice 1988 of February 18, less the return of February 13 and less the cash discount, Check 281e Both companies use the perpetual Inventory system. Journalize the transactions above In a general Journal for both Bushard Company and Schmidt, Inc. (Round final answers to the nearest whole doller value.) Complete this question by entering your answers in the tabs below BushardSchmidt Inc Company Journalize the transactions above in a general journal for Bushard Company. View transaction list Journal entry worksheet Received Credit Memorandum 230 from Schmidt, Inc., for damaged merchandise totaling $270 that was returned: the goods were purchased on Invoice 1980, dated February 10 Note: Enter debits before credits Post the entries In the general Journal below to the accounts payable account In the general ledger and to the approprlate accounts In the accounts payable ledger. Assume the following account balances at January 1, 2019, for Bloplast Jewelry, Inc.: $6,750 1,658 3,158 1,958 Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Stamos Distributors Accounts Payable-Tonetta Company GENERAL JOURNAL POST REF. DEBIT CREDIT DATE DESCRIPTION 2819 Jan. 8 Accounts Payable/Stamos Distributors 318 Cash 318 Made partial payment on account, Check 1248 1 Accounts Payable/Evans Enterprises 218 Purchases Returns and Allowances 21e Received Credit Memorandum 123 as allowance for discolored merchandise Complete this question by entering your answers in the tabs below General Ledger AP Ledgers Post the entries in the general journal above to the appropriate accounts in the accounts payable ledger. Purchases Returns and Allowances 218 ReceivedCredit Memorandum 123 as allowance for discolored merchandise Complete this question by entering your answers in the tabs below General LedgerAP Ledgers Post the entries in the general journal above to the appropriate accounts in the accounts payable ledger. Evans Enterprises Stamos Distributors Date Debit Credit Balance Date Debit Credit Balance 1,650 Jan. 1, 2019 Jan. 1, 2019 3.150 1.440 Jan. 10, 2019 210 Jan. 8, 2019 310 2.840 Tonetta Company Date Debit Credit Balance Jan. 1, 2019 1,950 AP Ledgers General Ledger
