I need the answers to this specific document as soon as possible. The person on course hero did not have the answers on their upload paper.

Score: 50 out of 50 points (100%) 12. award: 10 out of 10.00 points sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m Problem 8.4A Journalizing credit purchases and purchases returns and allowances, posting to the general ledger, posting to the accounts payable ledger, and preparing a schedule of accounts payable. LO 81, 82, 83, 84, 85, 86 Office Plus is a retail business that sells office equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for September 2016 are shown below. The general ledger accounts and the creditors' accounts in the accounts payable subsidiary ledger used to record these transactions are also provided. All balances shown are for the beginning of September. GENERAL LEDGER ACCOUNTS 205 Accounts Payable $ 28,356 Cr 502 501 Purchases 503 Creditors Name Apex Office Machines, Inc. Brown Paper Company Dalton Office Furniture Company Davis Corporation Zenn Furniture, Inc. Freight In Purchases Returns and Allowances Terms Balance n/60 $11,060 1/10, n/30 2,220 n/30 9,676 n/30 2/10, n/30 5,400 Th DATE TRANSACTIONS Sept. 3 Purchased desks for $8,020 plus a freight charge of $222 from Dalton Office Furniture Company, Invoice 4213, dated August 29 the terms are 30 days net. 7 Purchased computers for $12,300 from Apex Office Machines, Inc., Invoice 9217, dated September 2, net due and payable in 60 days. 10 Received Credit Memorandum 511 for $700 from Dalton Office Furniture Company the amount is an allowance for damaged but usable desks purchased on Invoice 4213, dated August 29. 16 Purchased file cabinets for $2,656 plus a freight charge of $134 from Davis Corporation, Invoice 8066, dated September 11 the terms are 30 days net. 20 Purchased electronic desk calculators for $1,100 from Apex Office Machines, Inc., Invoice 11011, dated September 15, net due and payable in 60 days. 23 Purchased bond paper and copy machine paper for $8,500 plus a freight charge of $100 from Brown Paper Company, Invoice 6498, dated September 18 the terms are 1/10, n/30. 28 Received Credit Memorandum 312 for $980 from Apex Office Machines, Inc., for defective calculators that were returned the calculators were originally purchased on Invoice 11011, dated September 15. 30 Purchased office chairs for $3,940 plus a freight charge of $170 from Zenn Furniture, Inc., Invoice 696, dated September 25, the terms are 2/10, n/30. 3.1 Prepare a threecolumn purchase journal to record the above transactions for 2016. https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m 3.2 Record transactions in the general journal. Th 1, 2, 4, 5 & 7. Enter the opening balances and transactions into the appropriate ledger accounts. https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m Th 8. Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable. https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? (Round your percentage answer to 1 decimal place.) Learning Objective: 0802 Post from the threecolumn purchases journal to the general ledger accounts. Learning Objective: 0805 Prepare a schedule of accounts payable. Problem 8.4A Journalizing credit purchases and purchases returns and allowances, posting to the general ledger, posting to the accounts payable ledger, and preparing a schedule of accounts payable. LO 81, 82, 83, 84, 85, 86 Learning Objective: 0803 Post credit purchases from the purchases journal to the accounts payable subsidiary ledger. Learning Objective: 0806 Compute the net delivered cost of purchases. Learning Objective: 0801 Record purchases of merchandise on credit in a threecolumn purchases journal. Learning Objective: 0804 Record purchases returns and allowances in the general journal and post them to the accounts payable subsidiary ledger. Th Worksheet Problem 8.4A Journalizing credit purchases and purchases returns and allowances, posting to the general ledger, posting to the accounts payable ledger, and preparing a schedule of accounts payable. LO 81, 82, 83, 84, 85, 86 Office Plus is a retail business that sells office equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for September 2016 are shown below. The general ledger accounts and the creditors' accounts in the accounts payable subsidiary ledger used to record these transactions are also provided. All balances shown are for the beginning of September. GENERAL LEDGER ACCOUNTS 205 Accounts Payable $ 28,356 Cr 502 501 Purchases 503 Freight In Purchases Returns and Allowances https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ Creditors Name Apex Office Machines, Inc. Brown Paper Company Dalton Office Furniture Company Davis Corporation Zenn Furniture, Inc. Terms Balance n/60 $11,060 1/10, n/30 2,220 n/30 9,676 n/30 2/10, n/30 5,400 sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m DATE TRANSACTIONS Sept. 3 Purchased desks for $8,020 plus a freight charge of $222 from Dalton Office Furniture Company, Invoice 4213, dated August 29 the terms are 30 days net. 7 Purchased computers for $12,300 from Apex Office Machines, Inc., Invoice 9217, dated September 2, net due and payable in 60 days. 10 Received Credit Memorandum 511 for $700 from Dalton Office Furniture Company the amount is an allowance for damaged but usable desks purchased on Invoice 4213, dated August 29. 16 Purchased file cabinets for $2,656 plus a freight charge of $134 from Davis Corporation, Invoice 8066, dated September 11 the terms are 30 days net. 20 Purchased electronic desk calculators for $1,100 from Apex Office Machines, Inc., Invoice 11011, dated September 15, net due and payable in 60 days. 23 Purchased bond paper and copy machine paper for $8,500 plus a freight charge of $100 from Brown Paper Company, Invoice 6498, dated September 18 the terms are 1/10, n/30. 28 Received Credit Memorandum 312 for $980 from Apex Office Machines, Inc., for defective calculators that were returned the calculators were originally purchased on Invoice 11011, dated September 15. 30 Purchased office chairs for $3,940 plus a freight charge of $170 from Zenn Furniture, Inc., Invoice 696, dated September 25, the terms are 2/10, n/30. 3.1 Prepare a threecolumn purchase journal to record the above transactions for 2016. Th 3.2 Record transactions in the general journal. 1, 2, 4, 5 & 7. Enter the opening balances and transactions into the appropriate ledger accounts. https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m Th https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ sh is ar stu ed d vi y re aC s ou ou rc rs e eH w er as o. co m 8. Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable. Th Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? (Round your percentage answer to 1 decimal place.) Explanation: This represents 4.6% of the total purchases ($1,680 $36,516). https://www.coursehero.com/file/11268425/Chapter-8-Accounting-for-Purchases-Accounts-Payable-Question-12/ Powered by TCPDF (www.tcpdf.org)