Marion’s Natural Food Store uses a purchases journal and a general journal to record the following transactions. The balances as of March 1 for the accounts payable subsidiary ledger are Alden Co., $300; Bullman Co., $800; Mott Co., $1,000; and Reynold Co., $500. Other balances on March 1 are Accounts Payable $2,600 and Purchases $18,000.

The food store decided to keep a separate column for the purchases of supplies in the purchases journal. Your tasks are to do the following:
1. Journalize the transactions.
2. Post and record as appropriate.
3. Prepare a schedule of accounts payable.