Purchases and Cash Payments Transactions Emily Frank owns a small retail business called Franks Fantasy The cash account has a balance of $20,600 on July 1 The following transactions occurred during July July 1 Issued Check No 414 in payment of July rent, $2,400 1 Purchased merchandise on account from Tilly's Toys, Invoice No 311, $3,000, terms 2 10, n 30 3 Purchased merchandise on account from Scheer Company, Invoice No 812, $3,200, terms 1 10, n 30 5 Returned merchandise purchased from Tilly's Toys, receiving a credit memo on the amount owed, $600 8 Purchased merchandise on account from Donna's Dolls, Invoice No 139, $2,880, terms 2 10, n 30 11 Issued Check No 415 to Tilly's Toys for merchandise purchased on account, less return of July 5 and less 2 discount 13 Issued Check No 416 to Scheer Company for merchandise purchased on account, less 1 discount 15 Returned merchandise purchased from Donna's Dolls, receiving a credit memo on the amount owed, $310 18 Issued Check No 417 to Donna's Dolls for merchandise purchased on account, less return of July 15 and less 2 discount 25 Purchased merchandise on account from Applied Business, Invoice No 489, $2,690, terms n 30 26 Purchased merchandise on account from Tilly's Toys, Invoice No 375, $2,210, terms 2 10, n 30 29 Purchased merchandise on account from Scheer Company, Invoice No 883, $3,560, terms 1 10, n 30 Required 1 Enter the transactions starting with page 16 of a general journal Enter the posting references when you complete part 2 REQUIRED 1 Enter Transactions starting with page 16 of the general journal Enter post references 2 Post from journal fo the general ledger and accounts payable ledger accounts 2,210 Accounts Payable Tilly's Toys Invoice No 375 Purchases Jul 29 3,560 Accounts Payable Scheer Company 3,560 Invoice No 883 2 Post from the journal to the general ledger and accounts payable ledger accounts GENERAL LEDGER ACCOUNT Cash ACCOUNT NO 101 BALANCE DEBIT CREDIT DATE ITEM POST REF DEBIT CREDIT Balance 20,600 00 Accounts Payable ACCOUNT 202 ACCOUNT NO

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Purchases and Cash Payments Transactions Emily Frank owns a small retail business called Franks Fantasy. The cash account has a balance of $20,600 on July

Purchases and Cash Payments Transactions

Emily Frank owns a small retail business called Franks Fantasy. The cash account has a balance of $20,600 on July 1. The following transactions occurred during July:

July 1		Issued Check No. 414 in payment of July rent, $2,400.
1		Purchased merchandise on account from Tilly's Toys, Invoice No. 311, $3,000, terms 2/10, n/30.
3		Purchased merchandise on account from Scheer & Company, Invoice No. 812, $3,200, terms 1/10, n/30.
5		Returned merchandise purchased from Tilly's Toys, receiving a credit memo on the amount owed, $600.
8		Purchased merchandise on account from Donna's Dolls, Invoice No. 139, $2,880, terms 2/10, n/30.
11		Issued Check No. 415 to Tilly's Toys for merchandise purchased on account, less return of July 5 and less 2% discount.
13		Issued Check No. 416 to Scheer & Company for merchandise purchased on account, less 1% discount.
15		Returned merchandise purchased from Donna's Dolls, receiving a credit memo on the amount owed, $310.
18		Issued Check No. 417 to Donna's Dolls for merchandise purchased on account, less return of July 15 and less 2% discount.
25		Purchased merchandise on account from Applied Business, Invoice No. 489, $2,690, terms n/30.
26		Purchased merchandise on account from Tilly's Toys, Invoice No. 375, $2,210, terms 2/10, n/30.
29		Purchased merchandise on account from Scheer & Company, Invoice No. 883, $3,560, terms 1/10, n/30.

Required:

1. Enter the transactions starting with page 16 of a general journal. Enter the posting references when you complete part 2.

REQUIRED

1. Enter Transactions starting with page 16 of the general journal. Enter post references.

2. Post from journal fo the general ledger and accounts payable ledger accounts.

2,210 Accounts Payable/Tilly's Toys Invoice No. 375 Purchases Jul. 29 3,560 Accounts Payable/Scheer & Company 3,560 Invoice No. 883 2. Post from the journal to the general ledger and accounts payable ledger accounts. GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DEBIT CREDIT DATE ITEM POST. REF. DEBIT CREDIT Balance 20,600.00 Accounts Payable ACCOUNT 202 ACCOUNT NO