ournalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Transactions for July and the beginning balances for select general ledger and accounts payable ledger accounts are as follows July 7 Returned merchandise to Starcraft Industries, $750 15 Returned merchandise to XYZ, Inc., $300. 27 Returned merchandise to Datamagic, $950. General Ledger Account No. Account. Balance July 1, 20- 202 Accounts Payable $10,770 501.1 Purchases Returns and Allowances Accounts Payable Ledger Balance July 1, 20- Name Datamagic $2,680 Starcraft Industries 4,400 XYZ, Inc. 3,690 1. Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references untl you complete part 2 Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references until you complete part 2. GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST, REF. DEBIT CREDIT 20- Jul. 7 Jul. 15 Jul, 27 2. The beginning general ledger and accounts payable ledger account balances from above have been provided; now post from the jounal to the general ledger and accounts payable ledger acc an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Post the transactions in chronological order GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE TM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- Jul. 1 Balance 10,770 J3 J3 33 ACCOUNT Purchases Returns and Allowances ACCOUNT NO. 501.1 NCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- 13 13 J3 ACCOUNTS PAYABLE LEDGER NAME Datamagic ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Jul. 1 V Balance 2,680 J3 NAME Starcraft Industries ADDRESS POST. REF. BALANCE DEBIT CREDIT DATE ITEM 20-- 4,400 V Balance Jul. 1 J3 NAME XYZ, Inc. ADDRESS DATE CREDIT POST. REF. DEBIT ITEM BALANCE 20- Jul. 1 Balance 3,690 V J3