Chapter 11 Homework (Application) ebook Show Me How Joumaliring Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Transactions for July and the beginning balances for selected general ledger and accounts payable ledger accounts are shown. July > Retumed merchandise to Starcraft Industries, $700, 15 Returned merchandise to XYZ, Inc., $450. 27 Returned merchandise to Datamagic, 1900. General Ledger Account No. Account Balance July 1, 20- 202 Accounts Payable $10,650 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name Balance July 1, 20- Datamage $2,600 Starcraft Industries 4,300 XYZ, Inc. 3,750 Required: Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journal and post the transactions GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20- Jul. 7 Purchases Reums and Allowances Jul 15 Purchases Returns and Allowances Jul 27 GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT 20- 10,650.00 Jul. 1 Balance 3 SOL1 ACCOUNT Purchases Returns and Allowances ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT CREDIT DEBIT 20-- NAME ACCOUNTS PAYABLE LEDGER Datamagic ADDRESS DATE ITEM POST. REF DEBIT CREDIT 20 BALANCE Jul. 1 Balance 2,600,00 NAME Starcraft Industries ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20 Jul 1 Balance 4,300.00 XYZ, Inc. NAME ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20- Jul. 1 Balance 3,750.00