The following transactions occurred for Rachel€™s Natural Food. If using working papers, be sure to put in beginning balances.
201X
Aug. 8 Purchased $800 of merchandise on account from Airon Co., invoice no. 400, dated August 9; terms 6/10, n/60.
10 Purchased $1,100 of merchandise on account from Bixby Co., invoice no. 420, dated August 11; terms 6/10, n/60.
12 Purchased $500 of store supplies on account from Mixon Co., invoice no. 510, dated August 13.
14 Issued debit memo no. 8 to Airon Co. for merchandise returned, $400, from invoice no. 400.
17 Purchased $620 of office equipment on account from Ryan Co., invoice no. 810, dated August 18.
24 Purchased $500 of additional store supplies on account from Mixon Co., invoice no. 516, dated August 25; terms 6/10, n/30.
Your tasks are to do the following:

1. Journalize the transactions.
2. Post and record as appropriate.
3. Prepare a schedule of accountspayable.

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Accounts Payable Subsidiary Ledger Name Airon Co. Bixby Co. Mixon Co Rvan Co Balance 450 400 1,250 250 Partial General Ledger Number 110 120 210 510 512 Balance Account Store Supplies Office Equipment Accounts Payable Purchases Purchases Returns and Allowances 2,350 $16,000