Sara?s Cupcakes of Cold Lake uses a purchases journal (page 10) and a general journal (page 2) to record the following transactions.

2019May 8 Purchased merchandise on account from Stanton Co., invoice No. 1416, dated May 6, terms 2/10, n/60, $900.11 Purchased merchandise on account from Kenn Co., invoice No. 618, dated May 11, terms 2/10, n/60, $1,540.14 Purchased store supplies on account from Stacy Co., invoice No. 741, dated May 13, $1,050.15 Issued debit memo No. 5 to Stanton Co. for merchandise returned, $300 from invoice No. 1416.18 Purchased office equipment on account from King Co., invoice No. 1110, dated May 18, $1,837.24 Purchased additional store supplies on account from Stacy Co., invoice No. 780, dated May 23, terms 2/10, n/30, $940.The food store has decided to use a separate column for merchandise purchases and one for the purchase of supplies in the purchases journal.

Requireda. Journalize the transactions.b. Post and record as appropriate.c. Prepare a schedule of accounts payable.

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Accounts Payable Ledger Balance Name Stanton Co. $790 Kenn Co. 1,240 2,615 Stacy Co. King Co. 845 Partial General Ledger Balance Account Number Store Supplies $720 110 21,410 Inventory Office Equipment Accounts Payable 115 120 210 5,490