Check my work Bowden Company buyer) and Song, Inc. ) engaged in the following transactions during January 20x! Bowden Company DATE TRANSACTIONS 20% Jan. Issued Check 2001 for $7.25 on account to Song, Inc. In payment of Invoice 18 dated December 30, 2030, less cash discount of 548 10 Purchased merchandise for $3.700 from Sons, Inc., Invoice 2020; terms 2/10, /38 15 Received Credit morandum 320 from Song, Inc., for damaged merchandise totaling $200 that was returned the goods were purchased on Invice 1920, dated January 10. 19 Palamount due to so. Inc. For twice 1930 of January 10. less the return of January 16 and lets the cash discount Check 2130 3 Purchased merchandise for $9.000 from song. The.. Invoice 1950; terms 2/10, 1/30 GENERAL LEDGER ACCOUNTS-BOWDEN COMPANY 201 Accounts Payable, $2,400 C ACCOUNTS PAYABLE LEDGER ACCOUNT-BOWDEN COMPANY Song, Inc., $2,400 Song, Inc. DATE TRANSACTIONS 201 an & Received payment of 52, on account from Bowden Company in payment of Troce 1805 dated December 30, 20, Jess cash discount of 543 18 Sold merchandise for $1. Too on account to Bowden Company Invoice 2020, terms 2/10, 1/30 15 Issued Credit rund 30 to Bowden Company for damaged merchandise totaling 5200 That was returned the goods were purchased on Thoice 1920, dated January 10 19 Received payment from bowden Company for the 1920 of January 30, less the return of y 15 and less the cash discount Song, Inc. 201 DATE TRANSACTIONS Jan. & Received payment of $2,352 on account from Bowden Company in payment of Invoice 1885 dated December 30, 2030, less cash discount of $48 10 Sold merchandise for $1.700 on account to Bowden Company Invoice 1920, terns 2/10, 1/30. 15 Issued Credit Memorandum 320 to Bowlen Company for damaged merchandise totaling 1.200 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 $3,000 to flowden Company. Invoice 1950; terms 2/10, 1/30. GENERAL LEDGER ACCOUNTS-SONG, INC. 111 Accounts Receivable, $2.400 DE ACCOUNTS RECEIVABLE LEDGER ACCOUNT-SONG, INC. Bowden Company, $2.400 Required: 1a. Joumalize the transactions above in a general journal for Bowden Company 1b. Journalize the transactions above in a general Journal for 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 Bowden Song Journal Ledgers Song Ledgers Analyze Record these transactions in a general Journal for Bowden Company assuming that they use the periodic system, View transaction list Journal entry worksheet 1 2 3 4 5 Issued Check 2101 for $2,352 on account to Song, Inc., in payment of Invoice 1885 dated December 30, 20X0, less cash discount of $48. Note: Enter debits before credits Date General Journal Debit Credit Jan. 08,20x1 NELUTULEDE DISALLUNS ayril Juul 10 TU DU View transaction list less cash discount of $48. 2 Purchased merchandise for $1,700 from Song, Inc., Invoice 1920; terms 2/10, 1/30. 3 Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1920, dated January 10. 4 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. 5 Purchased merchandise for $3,600 from Song, Inc., Invoice 1950; terms 2/10, n/30. Note : = journal entry has been entered Record entry Clear entry 1 FERIELL 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 Song Journal Bowden Journal Ledgers Song Ledgers 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? Accounts payable for Song, Inc. Accounts receivable for Bowden Company
