Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with AP Ledgers and schdeule of AP please ans thank you Newlech Medical Devices is a medical devices wholesaler that commenced business on

need help with AP Ledgers and schdeule of AP please ans thank you
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Newlech Medical Devices is a medical devices wholesaler that commenced business on June 1, 20x1. The company purchases merchandise for cash and on open account. In June 20X1, Newiech Medical Devices engaged in the following purchasing and fasth payment activities. DATE TRANSACTIONS 2001 June 1 Issued check 181 to purchase merchandise, 54,590. -3 Purchased nerchandise for $1,700 from Biocenten Inc.. Invoice 6065 terus 2/10, n/30. 5. Purchased merchandise for $5,850, plus a freight charge of \$110, from Nein Concepts Corporation, Invoice ia1l teres 2/ib, n/36+ 19 Pald asount due to 81ocenter Inc. for purchase of June 3. Less discount, check 1e2. 10 Meceived Credit Hemorandun 227 froe Nein Concepts corporetjon for danaged nerchandire tataling $150 that was retirsed the goods were purchared on Invotce 1e11, dated June 5. 11 Purchased nerchandise for \$1,650 fron biocenter inc., Imoice 612; terms 2/1e, A/3e. 14 Pbid anount due to Neu Concepts corporation for Involce 1011 of June 5 , less the return of June lo aod tess the cath discount, Checik 103. 15 Purchased nerchandise with a list price of 59.200 and trade alscounta of 20 perceat and 15 percent from Park fesearch, Involce 1620. terms n/30. 20 issued check 104 to purchase merchandise, fil, 1000 . 25 Heturned aerchandise purchased on June 20 bs defective, recelving a cach refund of 5210. Required: 2o. Post the transactions to the approptiate accounts in the general ledget 26. Post the transactions to the appropriate accounts in the accounts payable ledger 3. Prepare a schedue of accounts payable af June 30,201. GENERAL LEDGER ACCOUNTS GENERAL LEDGER ACCOUNTS ACCOUNTS PAYABLE LEDGER ACCOUNTS BioCenter Inc. New Concepts Corporation Park Research Analyze: What was the amount of merchandise returned to vendors by NewTech Medical Devices in June? Complete this question by entering your answers in the tabs below. Post the transactions to the appropriate accounts in the accounts payable ledger. Prepare a schedule of accounts payable at June 30,201

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Latest Certified Quality Auditor Certification Actual Questions

Authors: Pass For Life

1st Edition

108127705X, 978-1081277055

More Books

Students also viewed these Accounting questions