Newrech Medical Devices is a medical devices wholesaler that commenced business on June 1, 2019. Newlech Medical Devices purchases merchandise for cash and on open account. In June 2019, NewTech Medical Devices engaged in the following purchasing and cash payment activities: DATE TRANSACTIONS 2019 Issued Check 101 to purchase merchandise, $4,500 Purchased merchandise for $1,700 from Biocenter Inc., Invoice 606; terms 2/10, n/30. June 1 5 Purchased merchandise for $5,850, plus a freight charge of $110, from New Concepts Corporation, Invoice 1011, terms 2/10, n/30 Paid amount due to Biocenter Inc. for purchase of June 3, less discount, check 102 10 Received Credit Memorandum 227 from New Concepts Corporation for damaged merchandise totaling $150 that was returned; the goods were purchased on Invoice 1011, dated June 5 Purchased merchandise for $1,680 from Biocenter Inc., Invoice 612; terms 2/10, n/30 14 Paid amount due to New concepts Corporation for Invoice 1011 of June 5, 15 Purchased merchandise with a list price of $9,200 and trade discounts of 20 Issued Check 104 to purchase merchandise, $3,000. 25 Returned merchandise purchased on June 20 as defective, receiving a cash 30 Purchased merchandise for $3,200, plus a freight charge of $85, from New less the return of June 10 and less the cash discount, Check 103 20 percent and 15 percent from Park Research, Invoice 1029, terms n/30 refund of $280 Concepts Corporation, Invoice 1080; terms 2/10, n/30 Required: 1. Post the transactions in to the appropriate accounts in the general ledger and the accounts payable subsidiary ledger. 2 Prepare a schedule of accounts payable at June 30, 2019 GENERAL LEDGER ACCOUNTS 101 Cash, $37,400 Dr. 201 Accounts Payable 501 Purchases 502 Purchases Returns and Allowances 503 Purchases Discounts 504 Freight In