NewTech 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, NewTech Medical Devices engaged in the following purchasing and cash payment activities:

DATE			TRANSACTIONS
20X1
June	1		Issued Check 101 to purchase merchandise, $4,500.
	3		Purchased merchandise for $1,700 from BioCenter Inc., Invoice 606; terms 2/10, n/30.
	5		Purchased merchandise for $5,850, plus a freight charge of $110, from New Concepts Corporation, Invoice 1011; terms 2/10, n/30.
	9		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.
	11		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, less the return of June 10 and less the cash discount, Check 103.
	15		Purchased merchandise with a list price of $9,200 and trade discounts of 20 percent and 15 percent from Park Research, Invoice 1029, terms n/30.
	20		Issued Check 104 to purchase merchandise, $3,000.
	25		Returned merchandise purchased on June 20 as defective, receiving a cash refund of $280.
	30		Purchased merchandise for $3,200, plus a freight charge of $85, from New Concepts Corporation, Invoice 1080; terms 2/10, n/30.

Required:

2a. Post the transactions to the appropriate accounts in the general ledger.

2b. Post the transactions to the appropriate accounts in the accounts payable ledger.

3. Prepare a schedule of accounts payable at June 30, 20X1.

GENERAL LEDGER ACCOUNTS

101	Cash, $37,400 Dr.
201	Accounts Payable
501	Purchases
502	Purchases Returns and Allowances
503	Purchases Discounts
504	Freight In

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?