Check my work 1 Exercise 8.8 (Static) Posting to the general ledger and the accounts payable ledger. LO 8-3, 8-4 10 points Required: Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balances at January 1, 20X1. for GeekAuto Supplies, Inc.: eBook Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Sutherland Distributors Accounts Payable-Torres Company $7,600 1,600 4,100 1,900 det Hint GENERAL JOURNAL POST. REF. DEBIT CREDIT Print 400 DATE DESCRIPTION 20x1 Jan. 8 Accounts Payable/Sutherland Distributors Cash Made partial payment on account, Check 1240 400 References 200 200 10 Accounts Payable/Evans Enterprises Purchases Returns and Allowances 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 accounts payable account in the general ledger. M Check my work 2 Exercise 8.9 (Static) Preparing a schedule of accounts payable. LO 8-5 10 points Assume the following account balances at January 1, 20x1, for GeekAuto Supplies, Inc.: recounts Payable (control account) $7,600 Accounta Dayable-Evans Enterprises 1,600 Accounts Payable-Sutherland Distributors 4,100 Accounts Payable Torres Company 1,900 cBook GENERAL JOURNAL Print FOST REF. DEBIT CREDI 900 References DATE DESCRIPTION 20x1 Jan. 3 nocounts Payable/Sutherland Distributors Cash Nade partial paynent on account, Cbeek 1200 400 200 200 10 Accounts Payable/Evene Enterprises Purebases Returns and allowances Received Credit Memorandum 123 ay allowance for discolored merchandise Required: 1. Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Geek Auto Supplies, Inc., as of January 31, 20X1. 2. Does the total of your accounts payable schedule agree with the balance of the Accounts Payable account in the general ledger at January 31, 20X1? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the final balances of the vendor accounts to prepare a schedule of accounts payable for GeekAuto Supplies, Inc., as of January 31, 20X1. GEEKAUTO SUPPLIES, INC. Schedule of Accounts Payable January 31, 20X1 MC Check my w 3 Problem 8.2A (Static) Recording purchases, purchase returns, purchases discounts, and cash payments for a merchandising firm. LO 8-1 25 points High Country Ski Shop is a retail store that sells ski equipment and clothing. High Country Ski Shop commenced business on September 1, 20X1. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during September 20x1 follow: eBook Print DATE TRANSACTIONS 20X1 Sept. 2 Purchased ski boots for $7,600 plus a freight charge of $310 from Colorado Ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $13,200 from Black Ice Supply Company, Invoice 5916; terms 3/10, n/30. 7 Received Credit Memorandum 165 for $1,100 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased ski jackets for $4,000 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. 12 Issued Check 104 to Black Ice Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. 22 Purchased ski poles for $5,760 plus a freight charge of $170 from Black Ice Supply Company, Invoice 5950; terms 3/10, n/30. 23 Purchased ski pants for $3,200 from White Fire Ski Goods, Invoice 528, terms n/30. 25 Received Credit Memorandum 245 for $320 from White Fire Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. 27 Purchased ski sweaters for $3,750 plus a freight charge of $200 from Colorado Ski Shop, Invoice 6722, terms n/30. 30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. References Required: Record the transactions in a general journal. Analyze: What was the amount of the cash discount on September 12? Complete this question by entering your answers in the tabs below. General Journal Analyze Mc 4 High Country Ski Shop is a retail store that sells ski equipment and clothing. High Country Ski Shop commenced business on September 1, 20X1. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during September 20x1 follow: 25 points eBook DATE TRANSACTIONS 20x1 Sept. 2 Purchased ski boots for $7,600 plus a freight charge of $310 from Colorado Ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $13,200 from Black Ice Supply Company, Invoice 5916; terms 3/10, 1/30. 7 Received Credit Memorandum 165 for $1,100 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased ski jackets for $4,000 from Cold Mountain clothing Company, Invoice 4091, terms n/30. 12 Issued Check 104 to Black Ice Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. 22 Purchased ski poles for $5,760 plus a freight charge of $170 from Black Ice Supply Company, Invoice 5950; terms 3/10, n/30. 23 Purchased ski pants for $3,200 from White Fire Ski Goods, Invoice 528, terms n/30 25 Received Credit Memorandum 245 for $320 from White Fire Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. 27 Purchased ski sweaters for $3,750 plus a freight charge of $200 from Colorado Ski Shop, Invoice 6722, terms n/30. 30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. Print References Required: 2a. Post the transactions to the appropriate accounts in the general ledger. 2b. Post the transactions to the appropriate accounts in the accounts payable ledger 3. Prepare a schedule of accounts payable. GENERAL LEDGER ACCOUNTS 101 Cash, $29,000 Dr. , 201 Accounts Payable 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts ACCOUNTS PAYABLE LEDGER ACCOUNTS Black Ice Supply Company Cold Mountain Clothing Company Colorado Skl Shop White Fire Ski Goods Analyze: What portion of the purchases in September, before purchases returns and allowances and before purchases discounts, were for clothing items? Include ski boots as a clothing item. Complete this question by entering your answers in the tabs below. General Ledgers AP Ledgers Schedule of AP Analyze 5 DATE TRANSACTIONS 20x1 Jan. 8 Issued Check 2101 for $2,254 on account to Sanchez, Inc., in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $46 10 Purchased merchandise for $1,150 from Sanchez, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Sanchez, Inc., for damaged merchandise totaling $300 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Sanchez, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $2,500 from Sanchez, Inc., Invoice 1950; terms 2/10, n/30. 25 points eBook GENERAL LEDGER ACCOUNTS-BENNINGTON COMPANY 201 Accounts Payable, $2,300 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BENNINGTON COMPANY Sanchez, Inc., $2,300 Print References Sanchez, Inc. DATE TRANSACTIONS 20X1 Jan. 8 Received payment of $2,254 on account from Bennington Company in payment of Invoice 1685 dated December 30, 2oxo, less cash discount of $46. 10 Sold merchandise for $1,150 on account to Bennington Company, Invoice 1920, terms 2/10, n/30. 15 Issued Credit Memorandum 320 to Bennington Company for damaged merchandise totaling $300 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Received payment from Bennington Company for Invoice 1920 of January 10, less the return of January 15 and less the cash discount. 30 Sold merchandise for $2,500 to Bennington Company, Invoice 1950; terms 2/10, 1/30. GENERAL LEDGER ACCOUNTS-SANCHEZ, INC. 111 Accounts Receivable, $2,300 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SANCHEZ, INC. Bennington Company, $2,300 Required: 1a. Journalize the transactions above in a general journal for Bennington Company. 1b. Journalize the transactions above in a general Journal for Sanchez, 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 Sanchez, Inc., in the Bennington Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bennington Company in the Sanchez, Inc., accounts receivable subsidiary ledger? Complete this question by entering your answers in the tabs below. Bennington Journal Sanchez Journal Bennington Ledgers Sanchez Inc Ledgers Analyze Mc Check my work 1 Exercise 8.8 (Static) Posting to the general ledger and the accounts payable ledger. LO 8-3, 8-4 10 points Required: Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balances at January 1, 20X1. for GeekAuto Supplies, Inc.: eBook Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Sutherland Distributors Accounts Payable-Torres Company $7,600 1,600 4,100 1,900 det Hint GENERAL JOURNAL POST. REF. DEBIT CREDIT Print 400 DATE DESCRIPTION 20x1 Jan. 8 Accounts Payable/Sutherland Distributors Cash Made partial payment on account, Check 1240 400 References 200 200 10 Accounts Payable/Evans Enterprises Purchases Returns and Allowances 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 accounts payable account in the general ledger. M Check my work 2 Exercise 8.9 (Static) Preparing a schedule of accounts payable. LO 8-5 10 points Assume the following account balances at January 1, 20x1, for GeekAuto Supplies, Inc.: recounts Payable (control account) $7,600 Accounta Dayable-Evans Enterprises 1,600 Accounts Payable-Sutherland Distributors 4,100 Accounts Payable Torres Company 1,900 cBook GENERAL JOURNAL Print FOST REF. DEBIT CREDI 900 References DATE DESCRIPTION 20x1 Jan. 3 nocounts Payable/Sutherland Distributors Cash Nade partial paynent on account, Cbeek 1200 400 200 200 10 Accounts Payable/Evene Enterprises Purebases Returns and allowances Received Credit Memorandum 123 ay allowance for discolored merchandise Required: 1. Use the final balances of the vendor accounts to prepare a schedule of accounts payable for Geek Auto Supplies, Inc., as of January 31, 20X1. 2. Does the total of your accounts payable schedule agree with the balance of the Accounts Payable account in the general ledger at January 31, 20X1? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the final balances of the vendor accounts to prepare a schedule of accounts payable for GeekAuto Supplies, Inc., as of January 31, 20X1. GEEKAUTO SUPPLIES, INC. Schedule of Accounts Payable January 31, 20X1 MC Check my w 3 Problem 8.2A (Static) Recording purchases, purchase returns, purchases discounts, and cash payments for a merchandising firm. LO 8-1 25 points High Country Ski Shop is a retail store that sells ski equipment and clothing. High Country Ski Shop commenced business on September 1, 20X1. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during September 20x1 follow: eBook Print DATE TRANSACTIONS 20X1 Sept. 2 Purchased ski boots for $7,600 plus a freight charge of $310 from Colorado Ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $13,200 from Black Ice Supply Company, Invoice 5916; terms 3/10, n/30. 7 Received Credit Memorandum 165 for $1,100 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased ski jackets for $4,000 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. 12 Issued Check 104 to Black Ice Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. 22 Purchased ski poles for $5,760 plus a freight charge of $170 from Black Ice Supply Company, Invoice 5950; terms 3/10, n/30. 23 Purchased ski pants for $3,200 from White Fire Ski Goods, Invoice 528, terms n/30. 25 Received Credit Memorandum 245 for $320 from White Fire Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. 27 Purchased ski sweaters for $3,750 plus a freight charge of $200 from Colorado Ski Shop, Invoice 6722, terms n/30. 30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. References Required: Record the transactions in a general journal. Analyze: What was the amount of the cash discount on September 12? Complete this question by entering your answers in the tabs below. General Journal Analyze Mc 4 High Country Ski Shop is a retail store that sells ski equipment and clothing. High Country Ski Shop commenced business on September 1, 20X1. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during September 20x1 follow: 25 points eBook DATE TRANSACTIONS 20x1 Sept. 2 Purchased ski boots for $7,600 plus a freight charge of $310 from Colorado Ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $13,200 from Black Ice Supply Company, Invoice 5916; terms 3/10, 1/30. 7 Received Credit Memorandum 165 for $1,100 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased ski jackets for $4,000 from Cold Mountain clothing Company, Invoice 4091, terms n/30. 12 Issued Check 104 to Black Ice Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. 22 Purchased ski poles for $5,760 plus a freight charge of $170 from Black Ice Supply Company, Invoice 5950; terms 3/10, n/30. 23 Purchased ski pants for $3,200 from White Fire Ski Goods, Invoice 528, terms n/30 25 Received Credit Memorandum 245 for $320 from White Fire Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. 27 Purchased ski sweaters for $3,750 plus a freight charge of $200 from Colorado Ski Shop, Invoice 6722, terms n/30. 30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. Print References Required: 2a. Post the transactions to the appropriate accounts in the general ledger. 2b. Post the transactions to the appropriate accounts in the accounts payable ledger 3. Prepare a schedule of accounts payable. GENERAL LEDGER ACCOUNTS 101 Cash, $29,000 Dr. , 201 Accounts Payable 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts ACCOUNTS PAYABLE LEDGER ACCOUNTS Black Ice Supply Company Cold Mountain Clothing Company Colorado Skl Shop White Fire Ski Goods Analyze: What portion of the purchases in September, before purchases returns and allowances and before purchases discounts, were for clothing items? Include ski boots as a clothing item. Complete this question by entering your answers in the tabs below. General Ledgers AP Ledgers Schedule of AP Analyze 5 DATE TRANSACTIONS 20x1 Jan. 8 Issued Check 2101 for $2,254 on account to Sanchez, Inc., in payment of Invoice 1885 dated December 30, 20x0, less cash discount of $46 10 Purchased merchandise for $1,150 from Sanchez, Inc., Invoice 1920; terms 2/10, n/30. 15 Received Credit Memorandum 320 from Sanchez, Inc., for damaged merchandise totaling $300 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Paid amount due to Sanchez, Inc., for Invoice 1920 of January 10, less the return of January 15 and less the cash discount, Check 2130. 30 Purchased merchandise for $2,500 from Sanchez, Inc., Invoice 1950; terms 2/10, n/30. 25 points eBook GENERAL LEDGER ACCOUNTS-BENNINGTON COMPANY 201 Accounts Payable, $2,300 Cr. ACCOUNTS PAYABLE LEDGER ACCOUNT-BENNINGTON COMPANY Sanchez, Inc., $2,300 Print References Sanchez, Inc. DATE TRANSACTIONS 20X1 Jan. 8 Received payment of $2,254 on account from Bennington Company in payment of Invoice 1685 dated December 30, 2oxo, less cash discount of $46. 10 Sold merchandise for $1,150 on account to Bennington Company, Invoice 1920, terms 2/10, n/30. 15 Issued Credit Memorandum 320 to Bennington Company for damaged merchandise totaling $300 that was returned; the goods were purchased on Invoice 1920, dated January 10. 19 Received payment from Bennington Company for Invoice 1920 of January 10, less the return of January 15 and less the cash discount. 30 Sold merchandise for $2,500 to Bennington Company, Invoice 1950; terms 2/10, 1/30. GENERAL LEDGER ACCOUNTS-SANCHEZ, INC. 111 Accounts Receivable, $2,300 Dr. ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SANCHEZ, INC. Bennington Company, $2,300 Required: 1a. Journalize the transactions above in a general journal for Bennington Company. 1b. Journalize the transactions above in a general Journal for Sanchez, 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 Sanchez, Inc., in the Bennington Company accounts payable subsidiary ledger? What is the balance of the accounts receivable for Bennington Company in the Sanchez, Inc., accounts receivable subsidiary ledger? Complete this question by entering your answers in the tabs below. Bennington Journal Sanchez Journal Bennington Ledgers Sanchez Inc Ledgers Analyze Mc