Part two

required:

1. set up in Accounts Payable subsidiary ledger for the old English garden shop open an account for each of the creditors listed below and enter the balances as of July 1.

2. post the individual entries from the purchases journal and the general journal prepared and part 1.

3. prepare a schedule of accounts payable for July 31, 2019.

4. check the total of the schedule of accounts payable against the balance of the accounts payable account in the general ledger to a balance should be equal.

analyze:

what total freight charges were posted to the general ledger for the month of July?

The Old English Garden Shop is a retail store that sells garden equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for July are listed below. The general ledger accounts used to record these transactions are also provided The balance shown is for the beginning of July 2019. PARTI GENERAL LEDGER ACCOUNTS 205 Accounts Payable, $35, 850 Cr. 501 Purchases 502 Freight In 503 Purchases Returns and Allowances DATE TRANSACTIONS July 1 Purchased lawn mowers for $9,180 plus a freight charge of $246 from Charleston Corporation, Invoice 1011, dated June 26, net due and payable in 60 days. 5 Purchased outdoor chairs and tables for $4,340 plus a freight charge of 6549 from Cedarbrook Garden Center, Invoice 639, dated July 2, net due and payable in 45 days. 9 Purchased grass seed for $1,330 from Lawn and Gardens Supply, Invoice 0164, dated July 5, the terms are 30 days net. 16 Received Credit Memorandum 110 for $570 from Cedarbrook Garden Centers the amount 13 an allowance for scratches on some of the chairs and tables originally purchased on Invoice 639, dated July 2. 19 Purchased fertilizer for $1,170 plus a freight charge of $253 from Lawn and Gardens Supply, Invoice 9050, dated July 15; the terms are 30 days net. 21 Purchased hoses from Dunn Rubber Company for $3,650 plus a freight charge of 5221, Invoice 1785, dated July 17; Certs are 1/15, 1/60. 20 Received Credit Memorandum 223 for $400 from Dunn Rubber Company for damaged hoses that were returned the goods were purchased on Invoice 31 Purchased lawn sprinkler systems for $10,280 plus a freight charge of 6275 from Warren industrial Products, Invoice 8985, dated July 26; the terms are 2/10, 1/30. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for July 1. 2. Record the transactions in a three-column purchases journal and in a general journal. Use 8 as the page number for the purchases journal and 20 as the page number for the general journal. 3. Post the entries from the general journal to the proper general ledger accounts. 4. Total, prove, and rule the purchases journal as of July 31 5. Post the column totals from the purchases journal to the proper general ledger accounts 6. Compute the net delivered cost of the firm's purchases for the month of July. Answer is complete and correct. Complete this question by entering your answer in the tabs below. Ledgers Purchases Journal General Journal Firms Purchases Compute the net delivered cost of the firm's purchases for the month of July. Purchases 29.950 PART 10 Required: 1. Set up an accounts payable subsidiary ledger for The Old English Garden Shop. Open an account for each of the creditors listed below and enter the balances as of July 1. 2. Post the individual entries from the purchases journal and the general journal prepared in Parti 3. Prepare a schedule of accounts payable for July 31, 2019. 4. Check the total of the schedule of accounts payable against the balance of the Accounts Payable account in the general ledger The two amounts should be equal. Creditors Name Cedarbrook Garden Center Charleston Corporation Dunn Rubber Company Lawn and Gardens Supply Warren Industrial Products Terms n/45 n/60 1/15, 1/60 n/30 2/10, n/30 Balance $11,090 18,090 6,670 Analyze: What total freight charges were posted to the general ledger for the month of July? Ledgers Schedule of Analyze Enter the opening balances as on July 1 and the above transactions on the accounts and payable subsidiary ledger for The Old English Shop. Terms 6/45 Charleston Corporation Cedarbrook Garden Center Date Debit Credit July 1, 2019 Balance Debit Credit Balance Date July 01. 2019 Dunn Rubber Company Terms 1/15, n/60 Terms n 30 Lawn and Gardens Supply Debit Credit Date Debit Credit Balance Balance Date July 01 2019 Warren Industrial Products Date Debit Credit Terms 2/10, 30 Balance Complete this question by entering your answers in tabs below. Ledgers Schedule of AP Analyze Prepare a schedule of accounts payable for July 31, 2019 The Old English Garden Shop Schedule of Accounts Payable July 31, 2019 Total Dunn Rubber Company Lawn and Gardens Supply Warren Industrial Products 1/15, n/60 n/30 2/10, 1/30 6,670 Analyze: What total frelght charges were posted to the general ledger for the month o % Answer is not complete. Complete this question by entering your answers in tabs below. Ledgers Schedule of Analyze What total freight charges were posted to the general ledger for the month of Freight charges