Ledgers Schedule of A/P Analyze

Required information [The following information applies to the questions displayed below.] The Old English Garden Shop is a retail store that sells garden equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for July are listed below. The general ledger accounts used to record these transactions are also provided. The balance shown is for the beginning of July 20X1. GENERAL LEDGER ACCOUNTS 205 Accounts payable, $35,970 Cr. 501 Purchases 502 Freight In 503 Purchases returns and allowances DATE TRANSACTIONS July 1 Purchased lawn mowers for $9,300 plus a freight charge of $258 from Charleston Corporation, Invoice 1011, dated June 26, net due and payable in 60 days. 5 Purchased outdoor chairs and tables for $4,460 plus a freight charge of $561 from Cedarbrook Garden Center, Invoice 639, dated July 2, net due and payable in 45 days. 9 Purchased grass seed for $1,570 from Lawn and Gardens Supply, Invoice 8164, dated July 5; the terms are 30 days net. 16 Received Credit Memorandum 110 for $690 from Cedarbrook Garden Center; the amount is an allowance for scratches on some of the chairs and tables originally purchased on Invoice 639, dated July 2. 19 Purchased fertilizer for $1,290 plus a freight charge of $265 from Lawn and Gardens Supply, Invoice 9050, dated July 15; the terms are 30 days net. 21 Purchased hoses from Dunn Rubber Company for $3,770 plus a freight charge of $233, Invoice 1785, dated July 17; terms are 1/15, n/60. 28 Received Credit Memorandum 223 for $520 from Dunn Rubber Company for damaged hoses that were returned; the goods were purchased on Invoice 1785, dated July 17. 31 Purchased lawn sprinkler systems for $10,400 plus a freight charge of $287 from Warren Industrial Products, Invoice 8985, dated July 26; the terms are 2/10, n/30. Required: 1. Set up an accounts payable subsidiary ledger for The Old English Garden Shop. Open an account for each of the creditors listed below and enter the balances as of July 1. 2. Post the individual entries from the purchases journal and the general journal prepared in Part I. 3. Prepare a schedule of accounts payable for July 31, 20X1. 4. Check the total of the schedule of accounts payable against the balance of the Accounts Payable account in the general ledger. The two amounts should be equal. Terms n/45 Creditors Name Cedarbrook Garden Center Charleston Corporation Dunn Rubber Company Lawn and Gardens Supply Warren Industrial Products Balance $ 11, 210 18, 210 n/60 1/15, n/60 n/30 2/10, n/30 6,550 crealtors Name Cedarbrook Garden Center Charleston Corporation Dunn Rubber Company Lawn and Gardens Supply Warren Industrial Products Balance $ 11, 210 18,210 Terms n/45 n/60 1/15, n/60 n/30 2/10, n/30 6,550 Analyze: What total freight charges were posted to the general ledger for the month of July? Complete this question by entering your answers in the tabs below. Ledgers Schedule of AP Analyze Enter the opening balances as on July 1 and the above transactions on the accounts payable subsidiary ledger for The Old English Garden Shop. Cedarbrook Garden Center Date Debit July 1, 20X1 Terms n/45 Balance Charleston Corporation Debit Terms n/60 Balance Credit Credit Date July 1, 20X1 Dunn Rubber Company Debit Terms 1/15, n/60 Balance Terms n/30 Balance Date Credit Lawn and Gardens Supply Date Debit July 1, 20X1 Credit Warren Industrial Products Date Debit Terms 2/10, n/30 Balance Credit Prepare a schedule of accounts payable for July 31, 20x1. THE OLD ENGLISH GARDEN SHOP Schedule of Accounts Payable July 31, 20X1 Total What total freight charges were posted to the general ledger for the month of July? Freight charges