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, $760. 15 Returned merchandise to XYZ, Inc, $370. 27 Returned merchandise to Datamagic, $770 General Ledger Account No. Account Balance July 1, 20 Accounts Payable Purchases Returns and Allowances 202 $10,820 501.1 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 $2,670 4,440 3,710 GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST, REF DEBIT CREDIT 20-* Jul, 7Accounts Payable/Starcraft Industries 2,670 Purchases Returns and Allowances 760 760