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General journal Date 2016 Particulars Debit Credit July 1 (Equipment contributed by owner) July 28 (Return of defective goods) Prepare journal entries for July 2016,
General journal Date 2016 Particulars Debit Credit July 1 (Equipment contributed by owner) July 28 (Return of defective goods) Prepare journal entries for July 2016, using appropriate journals. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Purchases journal } \\ \hline Date & Account & Terms & Post ref. & Purchases & GST Receivable & Accounts Payable \\ \hline \multicolumn{7}{|l|}{2016} \\ \hline July 2 & v & 2/15,n/30 & & & & \\ \hline July 3 & & n/30 & & & & \\ \hline July 14 & & 2/10,n/30 & & & & \\ \hline July 23 & v & 2/15,n/30 & & & & \\ \hline July 30 & v & 1/10,n/30 & & & & \\ \hline & & & & & & \\ \hline \end{tabular} Prepare the following ledger accounts (T format) for July 2016: (Post entries in the order of journal entries presented in the previous part. Round answers to 0 decimal places, e.g. 5,250.)
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