Journalizing purchase returns and allowances and post to general ledger and accounts payable ledger.

Journalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Using page 3 of a general journal and the following general ledger accounts and accounts payable ledger accounts, journalize and post the following transactions Mar. 5 Returned merchandise to Tower Industries, $530 11 Returned merchandise to A & D Arms, $625. 23 Returned merchandise to Mighty Mansion, $295. General Ledger Account No. Account Balance Mar 1, 20- $8,460 202 Accounts Payable 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name A&D Arms Mighty Mansion Tower Industries Journalize the transactions. Do not enter the posting references until you complete part 2 Balance Mar 1, 20- $2,490 1,320 4,650 GENERAL JOURNAL PAGE 3 DESCRIPTION POST, REP DEBIT CREDIT DATE 20-- Mar. 5 Returned merchandise Mar. 11