Problem 8.4A (Algo) Journalizing credit purchases and purchases returns and allowances , posting to the general ledger, posting to the accounts payable ledger, and preparing a schedule of accounts payable. LO 8-1, 8 - 2, 8 - 3, 8 - 4, 8 - 5, 8 8-6 Office Plus is a retail business that sells office equipment , furniture, and supplies . Its credit purchases and purchases returns and allowances for September are shown below . The general ledger accounts and the creditors' accounts in the accounts payable subsidiary ledger used to record these transactions are also provided . All balances shown are for the beginning of September.

Office Plus is a retail business that sells office equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for September are shown below. The general ledger accounts and the creditors' accounts in the accounts payable subsidiary ledger used to record these transactions are also provided. All balances shown are for the beginning of September. GENERAL LEDGER ACCOUNTS 205 ACcounts payable, $28,246Cr. 501 Purchases 502 Freight In 503 Purchases returns and allowances Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for September 1, 20X1. 2. Open the creditors' accounts in the accounts payable subsidiary ledger and enter the balances for September 1. 3. Record the transactions in a three-column purchases journal and in a general journal. 4. Post to the accounts payable subsidiary ledger daily. 5. Post the entries from the general journal to the proper general ledger accounts at the end of the month. 6. Total and rule the purchases journal as of September 30 . 7. Post the column totals from the purchases journal to the proper general ledger accounts. 8. Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable. Analyze: What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? Complete this question by enterigg your answers in the tabs below. Eriter the opening balances and trareactons ints the approprata ledger accound. Complete this question by entering your answers in the tabs below. Prepare a three-column purchase journal to record the above transactions for September, 201. Complete this question by entering your answers in the tabs below. Record transactions in the general journal. Journal entry worksheet Record the first entry required in the general journal. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable. Complete this question by entering your answers in the tabs below. What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent? (Round your percentage answer to 1 decimal place.)