sig Country Ski Shop is a retail store that sells ski equipment and clothing. Big Country Ski Shop commenced business on September 20X1. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash ayments on account during September 20x1 follow: DATE TRANSACTIONS 28x1 ept. 2. Purchased ski boots for $4,900 plus a freight charge of $280 from Colorado Ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $10,500 from Alaska Supply Company, Invoice 5916; terms 2/10, n/30. 7 Received Credit Memorandum 165 for $830 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased ski jackets for $3,300 from Cold Mountain Clothing Company, Invoice 4991, terms n/30. 12 Issued Check 194 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. 22 Purchased ski poles for $3,060 plus a freight charge of $205 from Alaska Supply Company, Invoice 5950; terms 3/12, n/30. 23 Purchased ski pants for $1,550 from Swenson Ski Goods, Invoice 528, terms n/30. 25 Received Credit Memorandum 245 for $230 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. 27 Purchased ski sweaters for $4,300 plus a freight charge of $185 from Colorado Ski Shop, Invoice 6722, terms n/30. 30 Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. Required: 2a. Post the transactions to the appropriate accounts in the general ledger. 2b. Post the transactions to the appropriate accounts in the accounts payable ledger. 3. Prepare a schedule of accounts payable. GENERAL LEDGER ACCOUNTS GENERAL LEDGER ACCOUNTS 1e1 Cash, 524,000 Dr. 201 Accounts Payable 501 Purchases 5e2 Freight In 5e Purchases Returns and Allowances 504 Purchases Discounts ACCOUNTS PAYABLE LEDGER ACCOUNTS Alaska Supply Company Cold Mountain Clothing Company Colorado Ski Shop Swenson Ski Goods Analyze What portion of the purchases in September, before purchases returns and allowances and before purchases discounts were for clothing items? Include ski boots as a clothing item Complete this question by entering your answers in the tabs below. Cash Account No: 101 Accounts Payable Date Debit Date Debit Account No: 201 Credit Balance Credit Balance Sept 1, 2011 Purchases Account No: 501 Freight in Account No: 502 Credit Balance Date Debit Credit Balance Date Debit Account No: 503 Purchases Discounts Account No: 504 Purchases Retums and Allowances Date Debit Credit Balance Date Debit Credit Balance Post the transactions to the appropriate accounts in the accounts payable ledger. Alaska Supply Company Tems: 3/10, n. 30 Cold Mountain Clothing Company Temms: 30 Date Debut Credit Balance Date Credit Balance Colorado Ski Shop Tems. n.30 Swenson Ski Goods Temms: 01:30 Credit Balance Date Debit Credit Balance General Ledgers Schedule of AP BIG COUNTRY SKI SHOP hi Schedule of Accounts Pawable September 30, 20X1 Plaska Supply Company Cold Mountain Clothing Company Colorado Ski Shop Swenson Ski Goods