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, $520. 11 Returned merchandise to A & D Arms, $640. 23 Returned merchandise to Mighty Mansion, $260. General Ledger Account No. Account Balance Mar 1, 20-- 202 Accounts Payable $8,240 501.1 Purchases Returns and Allowances --- Accounts Payable Ledger Name Balance Mar 1, 20-- A & D Arms $2,270 Mighty Mansion 1,460 Tower Industries 4,510 Journalize the transactions. Do not enter the posting references until you complete part 2. GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Mar. 5 Returned merchandise Mar. 11 Returned merchandise Mar. 23 Returned merchandise After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order. If an amount box does not require an entry, leave it blank. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Mar. 1 Balance 8,240 J3 J3 J3 ACCOUNT Purchases Returns and Allowances ACCOUNT NO. 501.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- J3 J3 J3 ACCOUNTS PAYABLE LEDGER NAME A & D Arms ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Mar. 1 Balance 2,270 J3 NAME Mighty Mansion ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Mar. 1 Balance 1,460 J3 NAME Tower Industries ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Mar. 1 Balance 4,510 J3