Required information Problem 8.3A (Algo) Journalizing credit purchases and purchases returns and allowances, computing the net delivered cost of goods, posting to the general ledger, posting to the accounts payable ledger, and preparing a schedule of accounts payable. L [The following information applies to the questions displayed below.] 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 201. 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 Part I. 3. Prepare a schedule of accounts payable for July 31, 201. 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. Analyze: What total freight charges were posted to the general ledger for the month of July? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a schedule of accounts payable for July 31,201. Complete this question by entering your answers in the tabs below. What total freight charges were posted to the general ledger for the month of July