Answered step by step
Verified Expert Solution
Question
1 Approved Answer
WWW. ad DATE TRANSACTIONS 20X1 sept. 2 Purchased akt boots for $7,600 plus a freight charge of $310 from Colorado ski Shop, Invoice 6672, terms
WWW. ad DATE TRANSACTIONS 20X1 sept. 2 Purchased akt boots for $7,600 plus a freight charge of $310 from Colorado ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $13,200 from Black Tee Supply Company, Invoice 5916; terma 3/10, n/30. 7 Received credit Memorandum 165 for $1,100 from Colorado skt Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased Ski Jackets for $4,000 from Cold Mountain clothing Company, Invoice 4091, terma n/30. 12 Issued Check 104 to Black Ice Supply Company in payment of Invoice 5916, dated September 3, Less the cash 22 Purchased ski poles for $5,760 plus a freight charge of $170 from Black Ice Supply Company, Invoice 5950; terme 3/10, 1/30. 23 Credit Memorandum 245 for $320 from White Pire ski Goods for return of defective ad pants; the panta 27 Purchased aki sweaters for $3,750 plus a treight charge of $200 from Colorado Ski Shop, Invoice 6722, terns were originally purchased September 23 on Invoice $20! n/30. 30 Issued Check 110 to Colorado Ski Shop In payment of Envoice 6672, dated September 2, less the return of September 7. Required: 2. 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. anses GENERAL LEDGER ACCOUNTS 101 Cash, 529,000 DE. 201 Accounts Payable 501 Parehases 302 Treight In 503 Purchases Returns and allowances 504 Purchases Discounts ACCOUNTS PAYABLE LEDGER ACCOUNTS Black ice Supply Company Cold Mountain Clothing Company Colorado Skl Shop White Fire 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 cloth ng item Complete this question by entering your answers in the tabs below. MEB pants for $3,200 trs White te skGooda. Invoice 528, terma n/30. WWW. ad DATE TRANSACTIONS 20X1 sept. 2 Purchased akt boots for $7,600 plus a freight charge of $310 from Colorado ski Shop, Invoice 6672, terms n/30. 3 Purchased skis for $13,200 from Black Tee Supply Company, Invoice 5916; terma 3/10, n/30. 7 Received credit Memorandum 165 for $1,100 from Colorado skt Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. 11 Purchased Ski Jackets for $4,000 from Cold Mountain clothing Company, Invoice 4091, terma n/30. 12 Issued Check 104 to Black Ice Supply Company in payment of Invoice 5916, dated September 3, Less the cash 22 Purchased ski poles for $5,760 plus a freight charge of $170 from Black Ice Supply Company, Invoice 5950; terme 3/10, 1/30. 23 Credit Memorandum 245 for $320 from White Pire ski Goods for return of defective ad pants; the panta 27 Purchased aki sweaters for $3,750 plus a treight charge of $200 from Colorado Ski Shop, Invoice 6722, terns were originally purchased September 23 on Invoice $20! n/30. 30 Issued Check 110 to Colorado Ski Shop In payment of Envoice 6672, dated September 2, less the return of September 7. Required: 2. 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. anses GENERAL LEDGER ACCOUNTS 101 Cash, 529,000 DE. 201 Accounts Payable 501 Parehases 302 Treight In 503 Purchases Returns and allowances 504 Purchases Discounts ACCOUNTS PAYABLE LEDGER ACCOUNTS Black ice Supply Company Cold Mountain Clothing Company Colorado Skl Shop White Fire 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 cloth ng item Complete this question by entering your answers in the tabs below. MEB pants for $3,200 trs White te skGooda. Invoice 528, terma n/30
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started