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

ournalizing 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- 202 Accounts Payable $8,460 501.1 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 POST. RE DEBIT CREDIT DATE 20-. Mar. 5 DESCRIPTION Accounts Payable/Tower Industries Purchases Returns and Allowances Returned merchandise Mar 11 Accounts Payable/A&D Arms