Part 1. Read the following case, make the wage entries and the process of recording the transactions (posting) in the individual account book (ledger).

Miguel Vega has a music equipment sales business called Music Sound. During the month of February the following transactions occurred:

Date

(February) Transaction

2 $ 10,000 worth of speakers purchased to sell at the business outside of the discount period.

4 Of the speakers purchased on Day 2, 4 were returned at a cost of $ 500 each to the seller because they were damaged.

6 20 amplifiers were purchased for sale on credit with a value of $ 4,000 with a payment term of 2/10 n / 30.

10 A sale was made to a customer of 5 amplifiers for $ 2,000.

12 Payment of the purchase of the 6th was made in full.

15 Music Sound made a $ 5,000 credit sale to a customer with a term of 3/10 n / 30. The cost of the merchandise was $2,500.

18 The customer who purchased merchandise on the 15th returned $ 500 worth of merchandise because it was defective.

20 he customer who made the purchase on the 15th paid in full with the corresponding discount.

Part 2. Using the information in part 1, make the closing entries in the general ledger and ledgers for each account.

Please answer part 2 alone I have attached the part 1 answer too

Part-1 answer.

Wage entries in the books of Miguel Vega for the month of February Date Debit Credit 2/2 10,000 10,000 4/2 Details Purchases Expenses Accounts Payable Accounts Payable Purchase Expenses Purchase Expenses Accounts Payable 2000 2000 6/2 4000 4000 10/2 Cash 2000 Sales Revenue 2000 12/2 Accounts Payable 4000 Cash 4000 15/2 5000 5000 Accounts Receivable Sales Revenue Sales Revenue Return/Credit Note Accounts Receivable 18/2 500 500 20/2 Cash 4500 Accounts Receivable 4500 Recording the transactions (posting) in the individual account book (ledger) Purchase Expenses Account Amount Date Particular 2/2 To Accounts Payable A/C Amount Date Particulars 10000 4/2 By Accounts Payable A/C 2000 6/2 4000 To Accounts Payable A/C 28/2 By Bal C/d 12000 14000 14000 Accounts Payable Account Date Particular Amount Date Particulars Amount 2/2 10000 By Purchase Expenses A/C By Purchase Expenses A/C 4/2 2000 4000 To Purchase Expenses Alc 12/2 To Cash 4000 28/2 To Bal C/d 8000 14000 14000 Cash Account Amount Date Particular 10/2To Sales Revenue A/C Amount Date Particulars 2000 12/2 By Accounts Payable 4000 4500 20/2 To Accounts Receivables 28/2 By Bal C/d 2500 6500 6500 Sales Revenue Account Date Particular Amount Date Particulars Amount 18/ 2To Accounts Receivables Alc 500 10/2 By Cahs A/C 2000 5000 15/2 By Accounts Receivable Alc 28/ 2To Balc/d 6500 7000 7000 Accounts Receivable Account Date Particular Amount Date Particulars Amount 15/2 5000 500 To Sales Revenue A/C 18/2 By Sales Revenue A/C 20/2 By Cash 4500 5000 5000