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DATE TRANSACTIONS September 2 , 2 0 1 Purchased ski boots for $ 7 , 6 0 0 plus a freight charge of $ 3
DATE
TRANSACTIONS
September Purchased ski boots for $ plus a freight charge of $ from Colorado Ski Shop, Invoice terms
September Purchased skis for $ from Alaska Supply Company, Invoice ; terms n
September X Received Credit Memorandum for $ from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September on Invoice
September Purchased ski jackets for $ from Cold Mountain Clothing Company, Invoice terms n
September X Issued Check to Alaska Supply Company in payment of Invoice dated September less the cash discount.
September x Purchased ski poles for $ plus a freight charge of $ from Alaska Supply Company, Invoice ; terms
September Purchased ski pants for $ from White Fire Ski Goods, Invoice terms
September X Received Credit Memorandum for $ from White Fire Ski Goods for return of defective ski pants; the pants were originally purchased September on Invoice
September x Purchased ski sweaters for $ plus a freight charge of $ from Colorado Ski Shop, Invoice terms
September x Issued Check to Colorado Ski Shop in payment of Invoice dated September less the return of September
Required:
a Post the transactions to the appropriate accounts in the general ledger.
b Post the transactions to the appropriate accounts in the accounts payable ledger.
Prepare a schedule of accounts payable.
GENERAL LEDGER ACCOUNTS
Cash, $ Debit
Accounts Payable
Purchases
Freight In
Purchases Returns and Allowances
Purchases Discounts
ACCOUNTS PAYABLE LEDGER ACCOUNTS
Alaska Supply Company
Cold Mountain Clothing Company
Colorado Ski Shop
White Fire Ski Goods
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