Journalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger

Transactions for July and the beginning balances for selected general ledger and accounts payable ledger accounts are shown.

July 7		Returned merchandise to Starcraft Industries, $700.
15		Returned merchandise to XYZ, Inc., $450.
27		Returned merchandise to Datamagic, $900.

	General Ledger
Account No.	Account	Balance July 1, 20--
202	Accounts Payable	$10,650
501.1	Purchases Returns and Allowances	---

Accounts Payable Ledger
Name	Balance July 1, 20--
Datamagic	$2,600
Starcraft Industries	4,300
XYZ, Inc.	3,750

Required:

Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions.

GENERAL JOURNAL				PAGE 3
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Jul. 7	Accounts Payable/Starcraft IndustriesAccounts Receivable/Starcraft IndustriesCashPurchasesPurchases Returns and Allowances	fill in the blank 2	fill in the blank 3	fill in the blank 4
	Accounts Payable/Starcraft IndustriesAccounts Receivable/Starcraft IndustriesCashPurchasesPurchases Returns and Allowances	fill in the blank 6	fill in the blank 7	fill in the blank 8
Jul. 15	Accounts Payable/XYZ, Inc.Accounts Receivable/XYZ, Inc.CashPurchasesPurchases Returns and Allowances	fill in the blank 10	fill in the blank 11	fill in the blank 12
	Accounts Payable/XYZ, Inc.Accounts Receivable/XYZ, Inc.CashPurchasesPurchases Returns and Allowances	fill in the blank 14	fill in the blank 15	fill in the blank 16
Jul. 27	Accounts Payable/DatamagicAccounts Receivable/DatamagicCashPurchasesPurchases Returns and Allowances	fill in the blank 18	fill in the blank 19	fill in the blank 20
	Accounts Payable/DatamagicAccounts Receivable/DatamagicCashPurchasesPurchases Returns and Allowances	fill in the blank 22	fill in the blank 23	fill in the blank 24

GENERAL LEDGER
ACCOUNT	Accounts Payable				ACCOUNT NO.	202
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
Jul. 1	Balance					10,650.00
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 27	fill in the blank 28	fill in the blank 29	fill in the blank 30
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 33	fill in the blank 34	fill in the blank 35	fill in the blank 36
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 39	fill in the blank 40	fill in the blank 41	fill in the blank 42

ACCOUNT	Purchases Returns and Allowances				ACCOUNT NO.	501.1
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 45	fill in the blank 46	fill in the blank 47	fill in the blank 48
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 51	fill in the blank 52	fill in the blank 53	fill in the blank 54
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 57	fill in the blank 58	fill in the blank 59	fill in the blank 60

ACCOUNTS PAYABLE LEDGER
NAME	Datamagic
ADDRESS
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Jul. 1	Balance				2,600.00
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 63	fill in the blank 64	fill in the blank 65

NAME	Starcraft Industries
ADDRESS
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Jul. 1	Balance				4,300.00
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 68	fill in the blank 69	fill in the blank 70

NAME	XYZ, Inc.
ADDRESS
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Jul. 1	Balance				3,750.00
Jul. 7Jul. 10Jul. 15Jul. 27		J1J2J3J4J5	fill in the blank 73	fill in the blank 74	fill in the blank 75