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, $550 15 Returned merchandise to XYZ, Inc., $440. 27 Returned merchandise to Datamagic, $850 General Ledger Account No. Account Balance July 1, 20- 202 Accounts Payable $10,840 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name Datamagic Starcraft Industries XYZ, Inc. 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 until you complete part 2 Balance July 1, 20 $2,650 4,490 3,700 GENERAL JOURNAL PAGE 3 DATE 20-- Jul. 7Accounts Receivable/Starcraft Industries DESCRIPTION POST. REF DEBIT CREDIT Purchases Returns and Allowances Jul. 15 Accounts Payable/XYZ, Inc. Purchases Returns and Allowances Jul. 27 Accounts Payable/Datamagic Purchases Returns and Allowances 2. The beginning general ledger and accounts payable ledger account balances from above have been provided; now post from the journal to the general ledger and accounts payable ledger accounts. If an amount box does not require an entry t 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 ITEM POST. REF DEBIT CREDIT DEBIT CREDIT 20-- Jul. 1 Jul. 7 Balance 10,840 03 13 13 ul. 15 ul. 27 ACCOUNT Purchases Returns and Allowances ACCOUNT NO 501.1 BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT 20-- ul. 7 Jul. 15 Jul. 27 13 03 13 ACCOUNTS PAYABLE LEDGER NAME ADDRESS DATE Datamagic ITEM POST. REF DEBIT CREDIT BALANCE 20- ul. 1 Balance 2,650 Jul. 27 J3 NAME ADDRESS DATE Starcraft Industries ITEM POST. REF DEBIT CREDIT BALANCE 20-- ul. 1 Jul. 7 Balance 4,490 13 NAME ADDREsS DATE XYZ, Inc. ITEM POST. REF DEBIT CREDIT BALANCE 20-- ul. 1 Jul. 27 Balance 3,700 13