Sunnys Ski Shop is a retail store that sells ski equipment and clothing. Sunnys Ski Shop commenced business on October 1, 2015. The firm purchases merchandise on open account. The firm's purchases, purchase returns and allowances, and cash payments on account during October 2015 follow:

DATE TRANSACTIONS 2015 Sept.

2 Purchased ski boots for $5,700 plus a freight charge of $220 from Columbus Ski Shop, Invoice 6672, terms n/30.

3 Purchased skis for $11,300 from Anchorage Supply Company, Invoice 5916; terms 3/10, n/30.

7 Received Credit Memorandum 165 for $910 from Columbus Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672.

11 Purchased ski jackets for $4,100 from Hot Mountain Clothing Company, Invoice 4091, terms n/30.

12 Issued Check 104 to Anchorage Supply Company in payment of Invoice 5916, dated September 3, less the cash discount.

22 Purchased ski poles for $3,860 plus a freight charge of $125 from Anchorage Supply Company, Invoice 5950, terms 3/10, n/30.

23 Purchased ski pants for $2,350 from Swanson Ski Goods, Invoice 528, terms n/30.

25 Received Credit Memorandum 245 for $310 from Swanson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528.

27 Purchased ski sweaters for $2,700 plus a freight charge of $105 from Columbus Ski Shop, Invoice 6722, terms n/30.

30 Issued Check 110 to Columbus Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7.

Required:

1. Open the general ledger accounts and accounts payable ledger accounts indicated below. Enter the balance of Cash as of October 1, 2015.
2. Post the entries from the general journal to the appropriate accounts in the general ledger and in the accounts payable ledger.
3. Develop a schedule of accounts payable.

GENERAL LEDGER ACCOUNTS

101 Cash, $25,000 Dr. 201 Accounts Payable 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts

ACCOUNTS PAYABLE LEDGER ACCOUNTS

Anchorage Supply Company

Hot Mountain Clothing Company

Columbus Ski Shop

Swanson 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.