Problem 8.4A 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, 8-6 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. GENERAL LEDGER ACCOUNTS 205 Accounts Payable, $28,166 Cr. 501 Purchases 502 Freight In 503 Purchases Returns and Allowances Creditors Name Apex Office Machines, Inc. Brown Paper Company Dalton Office Furniture Company Davis Corporation Zenn Furniture, Inc. Terms n/60 1/10, n/30 n/30 n/30 2/10, n/30 Balance $ 10,870 2,030 9,486 5 ,780 DATE TRANSACTIONS Sept. 3 Purchased desks for $7,830 plus a freight charge of $203 from Dalton Office Furniture Company, Invoice 4213, dated August 29; the terms are 30 days net. 7 Purchased computers for $10,400 from Apex Office Machines, Inc., Invoice 9217, dated September 2, net due and payable in 60 days. 10 Received Credit Memorandum 511 for $510 from Dalton Office Furniture Company; the amount is an allowance for damaged but usable desks purchased on Invoice 4213, dated August 29. 16 Purchased file cabinets for $2,466 plus a freight charge of $115 from Davis Corporation, Invoice 8066, dated September 11; the terms are 30 days net. 20 Purchased electronic desk calculators for $1,100 from Apex Office Machines, Inc., Invoice 11011, dated September 15, net due and payable in 60 days. 23 Purchased bond paper and copy machine paper for $6,600 plus a freight charge Corporation, Invoice 8066, dated September 11; the terms are 30 days net. 20 Purchased electronic desk calculators for $1,100 from Apex Office Machines, Inc., Invoice 11011, dated September 15, net due and payable in 60 days. 23 Purchased bond paper and copy machine paper for $6,600 plus a freight charge of $100 from Brown Paper Company, Invoice 6498, dated September 18; the terms are 1/10, n/30. 28 Received Credit Memorandum 312 for $790 from Apex Office Machines, Inc., for defective calculators that were returned; the calculators were originally purchased on Invoice 11011, dated September 15. 30 Purchased office chairs for $3,750 plus a freight charge of $151 from Zenn Furniture, Inc., Invoice 696, dated September 25, the terms are 2/10, n/30. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for September 1, 2019. 2. Open the creditors' accounts in the accounts payable subsidiary ledger and enter the balances for September 1. ransactions 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. . 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? Enter the opening balances and transactions into the appropriate ledger accounts. Accounts Payable Date Debit Sep 01, 2019 General Ledger Account No. 205 Purchases Credit Balance Date Debit 28,166 Account No. 501 Credit Balance Freight In Account No. 502 Credit Balance Purchases Returns and Allowances Date Debit Account No. 503 Credit Balance Date Debit Apex Office Machines, Inc. Date Debit Sep 01, 2019 Accounts Payable Subsidiary Ledger Terms n/60 Brown Paper Company Credit Balance Date Debit Sep 01, 2019 Terms 1/10, n/30 Credit Balance Dalton Office Furniture Company Date Debit Sep 01, 2019 Terms n/30 Credit Balance Davis Corporation Date Debit Terms n/30 Credit Balance Dalton Office Furniture Company Date Debit Sep 01, 2019 Terms n/30 Credit Balance Davis Corporation Date Debit Terms n/30 Credit Balance Zenn Furniture, Inc. Date Debit Sep 01, 2019 Terms 2/10, n/30 Credit Balance Ledgers Purchases Journal > Complete this question by entering your answers in tabs below. Ledgers Purchases Journal General Journal Schedule of AP Analyze Prepare a three-column purchase journal to record the above transactions for 2019. PURCHASES JOURNAL Date Account Invoice Number Date of Invoice Terms n/30 /60 2 1 Sep 03 Sep 07 Sep 10 Sep 16 Sep 20 Sep 23 Sep 28 Sep 30 Sept. 30 Dalton Office Furniture Co. Apex Office Machines, Inc. Dalton Office Furniture Co. Davis Corporation Apex Office Machines, Inc. Brown Paper Company Apex Office Machines, Inc. hines, Inc Zenn Furniture, Inc. Totals 4213 9217 4213 8066 11011 6498 11011 696 8/29 9/ 8/29 9/11 9/15 9/18 9/15 n/30 /60 1/10, 1/30 Accounts Purchases Freight in Payable Credit Debit Debit $ 8,033 $ 7,830 $ 203 10,400 5101 2,601 2446 155 1,100 6,700 6,600 100 790 4,901 3,750 151 $ 22,235 $ 33,426 S 609 9/25 2/10,n/30 Complete this question by entering your answers in tabs below. Ledgers Purchases Journal General Journal Schedule of AP Analyze Record transactions in the general journal. View transaction list Journal entry worksheet Complete this question by entering your answers in tabs below. Ledgers Purchases Journal General Journal Schedule of AP Analyze 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.) Purchases returns and allowances Percentage of total purchases