Debbie Mueller owns a small retail business called Debbie’s Doll House. The cash account has a balance of $20,000 on July 1. The following transactions occurred during July:

July 1 Issued Check No. 314 for July rent, $1,400.

1 Purchased merchandise on account from Topper’s Toys, Invoice No. 211, $2,500, terms 2/10, n/30.

3 Purchased merchandise on account from Jones & Company, Invoice No. 812, $2,800, terms 1/10, n/30.

5 Returned merchandise purchased from Topper’s Toys receiving a credit memo on the amount owed, $400.

8 Purchased merchandise on account from Downtown Merchants, Invoice No. 159, $1,600, terms 2/10, n/30.

11 Issued Check No. 315 to Topper’s Toys for merchandise purchased on account, less return of July 5 and less 2% discount.

13 Issued Check No. 316 to Jones & Company for merchandise purchased on account, less 1% discount.

15 Returned merchandise purchased from Downtown Merchants receiving a credit memo on the amount owed, $600.

18 Issued Check No. 317 to Downtown Merchants for merchandise purchased on account, less return of July 15 and less 2% discount.

25 Purchased merchandise on account from Columbia Products, Invoice No. 468, $3,200, terms n/30.

26 Purchased merchandise on account from Topper’s Toys, Invoice No. 395, $1,430, terms 2/10, n/30.

29 Purchased merchandise on account from Jones & Company, Invoice No. 853, $2,970, terms 1/10, n/30.

REQUIRED

1. Enter the transactions in a general journal.

2. Post from the journal to the general ledger and accounts payable ledger accounts. Use general ledger account numbers as shown in the chapter.