Required information Problem 8.3A (Static) 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. [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. GENERAL LEDGER ACCOUNR 205 Necounts payable, $35,980cr. 301 Purchases 502. Freight in 503 purchases returns and allowances Darz TNANSACTIONS July 1 Purchased lawn nowers for $9,410 plus a freight charge of $269 from Charleston Corporation, Invoice 1011 , dated June 26 , net due and payable in 60 days. 5 Parchased outdoor ehairs and tables for $4,470 plus a freight charge of $562 from Cedarbrook Garden Center, Involce 639 , dated July 2 , net due and payable in 45 days. 9 Parchased grass seed for $1,525 from Lam and Gardens supply, Invoice 8164, dated July 5; the terms are 30 dayn net. 16 Received credit Menorandum 110 for $500 fron Cedarbrook Garden Center; the amount is an allowance for scratches on some of the chairs and tables originally purchased on Invoice 639 , dated July 2. 19 purehased fertilizer for $1,300 plus a freight charge of $266 from Lawn and Gardens Sapply, Invoice 9050. dated July 15; the terns are 30 days net. 21 Purchased hoses from Dunn Rubber Corpany for $3,790 plus a freight eharge of \$264, Invoice 1785, dated July 17; termb are 1/15,n/60. 28 Received Credit Menorandun 223 for $530 from Dunn rubber Conpany for damaged hoses that were returned; the goods were parchased on Involce 1785 , dated July 17 . 31 Purchased lawn sprinkler systems for $10,610 plus a freight charge of $298 trom Warren Industrial Products, Involce 8985 , dated July 26; the termu are 2/10,n/30. Problem 8.3A Part II 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 indivigual entries from the purchases journal and the general journal prepared in Part 1 . 3. Prepare a schedule of accounts payable for July 31, 20X1. 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. Analyze: What total freight charges were posted to the general ledger for the mon Complete this\}question by entering your answers in the tabs below Prepare a schedule of accounts payable for July 31,201. What total freight charges were posted to the general ledger for the month of July