DATE

TRANSACTIONS

September $2,201$ Purchased ski boots for $$7,600$ plus a freight charge of $$310$ from Colorado Ski Shop, Invoice $6672,$ terms $\frac{n}{30}.$

September $3,201$ Purchased skis for $$13,200$ from Alaska Supply Company, Invoice $5916$; terms $3/10,$ n$/30.$

September $7,20$X$1$ 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 $6672.$

September $11,20$X$1$ Purchased ski jackets for $$4,000$ from Cold Mountain Clothing Company, Invoice $4091,$ terms n$/30.$

September $12,201$ Issued Check $104$ to Alaska Supply Company in payment of Invoice $5916,$ dated September $3,$ less the cash discount.

September $22,20$X$1$ Purchased ski poles for $$5,760$ plus a freight charge of $$170$ from Alaska Supply Company, Invoice $5950$ ; terms $\frac{3}{10},\frac{n}{30}.$

September $23,201$ Purchased ski pants for $$3,200$ from White Fire Ski Goods, Invoice $528,$ terms $\frac{n}{30}.$

September $25,201$ 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 $528.$

September $27,20$X$1$ Purchased ski sweaters for $$3,750$ plus a freight charge of $$200$ from Colorado Ski Shop, Invoice $6722,$ terms $\frac{n}{30}.$

September $30,201$ Issued Check $110$ to Colorado Ski Shop in payment of Invoice $6672,$ dated September $2,$ less the return of September $7.$

Required:

$2$a$.$ Post the transactions to the appropriate accounts in the general ledger.

$2$b$.$ 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$ Debit

$201$ Accounts Payable

$501$ Purchases

$502$ Freight In

$503$ Purchases Returns and Allowances

$504$ Purchases Discounts

ACCOUNTS PAYABLE LEDGER ACCOUNTS

Alaska Supply Company

Cold Mountain Clothing Company

Colorado Ski 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.