Kay Zembrowski operates a retail variety store. The books include a general journal and an accounts payable ledger. Selected account balances on May 1 are as follows:

General Ledger

Cash $40,000

Accounts Payable 20,000

Accounts Payable Ledger

Cortez Distributors $4,200

Indra & Velga 6,800

Toy Corner 4,600

Troutman Outlet 4,400

The following transactions are related to cash payments for the month of May:

May 1 Issued Check No. 326 in payment of May rent (Rent Expense), $2,600.

4 Issued Check No. 327 to Cortez Distributors in payment of merchandise purchased on account, $4,200, less a 3% discount. Check was written for $4,074.

7 Issued Check No. 328 to Indra & Velga in partial payment of merchandise purchased on account, $6,200. A cash discount was not allowed.

11 Issued Check No. 329 to Toy Corner for merchandise purchased on account, $4,600, less a 1% discount. Check was written for $4,554.

15 Issued Check No. 330 to County Power and Light (Utilities Expense), $1,500.

19 Issued Check No. 331 to Builders Warehouse for a cash purchase of merchandise, $3,500.

25 Issued Check No. 332 to Troutman Outlet for merchandise purchased on account, $4,400, less a 2% discount. Check was written for $4,312.

May 30 Issued Check No. 333 to Rapid Transit Company for freight charges on merchandise purchased (Freight-In), $800.

31 Issued Check No. 334 to City Merchants for a cash purchase of merchandise, $2,350.

REQUIRED

1. Enter the transactions in a general journal.

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