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, $2,600. 3 Purchased merchandise for $2,150 from BioCenter Inc., Invoice 606; terms 2/10, n/30. 5 Purchased merchandise for $3,950, plus a freight charge of $110, from New Concepts Corporation, Invoice 1011; terms 1/10, 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 $1,490 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 $7,300 and trade discounts of 20 percent and 15 percent fron Park Research, Invoice 1029, terms n/30. 20 Issued Check 104 to purchase merchandise, $1,100. 25 Returned merchandise purchased on June 20 as defective, receiving a cash refund of $270. 30 Purchased merchandise for $1,300, plus a freight charge of $66, 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, $35,500 Dr. 201 Accounts Payable 501 Purchases 502 Purchases Returns and Allowances 503 Purchases Discounts 504 Freight In ACCOUNTS PAYABLE LEDGER ACCOUNTS BioCenter Inc. the cash discount, Check 103, 15 Purchased merchandise with a list price of $7,300 and trade discounts of 20 percent and 15 percent from Park Research, Invoice 1029, terms n/30. 20 Issued Check 104 to purchase merchandise, $1,100. 25 Returned merchandise purchased on June 20 as defective, receiving a cash refund of $270. 30 Purchased merchandise for $1,300, plus a freight charge of $66, fron New Concepts Corporation, Invoice 1080; terns 2/10, 1/30. Required: 2n. 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, $35,500 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