4 5 6 7 8 2 3 1 1. Problem 12-12B: Freddy Flint owns a small retail business called Flint's Fantasy. The cash account has a balance of $20,000 on July 1. The following transactions occurred during July REQUIRED 1. Record the transactions in the purchases journal, cash payments journal, and general journal. Total and rule the purchases and cash payments journals. Prove the cash payments journal. 2 Post from the journals to the general ledger and accounts payable ledger accounts. Use general ledger account numbers as shown in the chapter. July DATE 1 1 3 5 8 11 13 15 18 31 31 25 26 29 Issued Check No. 414 in payment of July rent, $1,500. Purchased merchandise on account from Tang's Toys, Invoice No. 311, $2,700, terms 2/10, n/30. Purchased merchandise on account from Sillas & Company, Invoice No. 812, $3,100, terms 1/10, n/30. Returned merchandise purchased from Tang's Toys, receiving a credit memo on the amount owed, $500. Purchased merchandise on account from Daisy's Dolls, Invoice No. 139, $1,900, terms 2/10, n/30. Issued Check No. 415 to Tang's Toys for merchandise purchased on account, less return of July 5 and less 2% discount. Issued Check No. 416 to Sillas & Company for merchandise purchased on account, less 1% discount. Returned merchandise purchased from Daisy's Dolls, receiving a credit memo on the amount owed, $400. Issued Check No. 417 to Daisy's Dolls for merchandise purchased on account, less return of July 15 and less 2% discount. Purchased merchandise on account from Allied Business, Invoice No. 489, $2,450, terms n/30. Purchased merchandise on account from Tang's Toys, Invoice No. 375, $1,980, terms 2/10, n/30. Purchased merchandise on account from Sillas & Company, Invoice No. 883, $3,460, terms 1/10, n/30. Freddy Flint withdrew cash for personal use, $2,000. Issued Check No. 418. Issued Check No. 419 to Glisan Distributors for a cash purchase of merchandise, $975. INVOICE NO. PURCHASES JOURNAL FROM WHOM PURCHASED POST. REF. PAGE 7 PURCHASES DEBIT ACCTS. PAY. CREDIT - 2 3 4 5 6 7 8 contramos 3IMEMUS

Problem 12-12B: Freddy Flint owns a small retail business called Flint's Fantasy. The cash account has a balance of $20,000 on July 1 . The following transactions occurred during July REQUIRED 1. Record the transactions in the purchases journal, cash payments journal, and general journal. Total and rule the purchases and cash payments journals. Prove the cash payments journal 2 Post from the journals to the general ledger and accounts payable ledger accounts. Use genera! ledger account numbers as shown in the chapter Problem 12-12B: Freddy Flint owns a small retail business callud transactions occurred cash account has a balance of $20,000 on July 1 . The following tra during July REQUIRED 1. Record the transactions in the purchases journal, cash payments journal, and general journal. Total and rule the purchases and cash payments journals. Prove the cash payments journal. 2 Post from the journals to the general ledger and accounts payable ledger accounts Use general ledger account numbers as shown in the chapter. July 1 Issued Check No 414 in payment of July rent, $1,500 Purchased merchandise on account from Tang's Toys, Invoice No. 311, $2,700, terms 2/10,n/30. 3 Purchased merchandise on account from Sillas \& Company, Invoice No. 812, $3,100, 5 terms 1/10,n/30 Returned merchandise purchased from Tang's Toys, receiving a credit memo on the 8 Purchased merchandsc 2/10,n/30. 11 Issued Check No 415 to Tang's Toys for merchandise purchased on account, less return of July 5 and less 2% discount. 13 Issued Check No. 416 to Sillas \& Company for merchandise purchased on account, less 1% discount. 15 Returned merchandise purchased from Daisy's Dolls, receiving a credit memo on the amount owed, $400. 18 Issued Check No. 417 to Daisy's Dolis for merchandise purchased on account, less return of July 15 and less 2% discount. 25 Purchased merchandise on account from Allied Business, Invoice No. 489,$2.450, terms 26N/30. Purchased merchandise on account from Tang's Toys, Invoice No 375,$1,980, terms 2/10,n/30 29 Purchased merchandise on account from Sillas \& Company, Invoice No. 883,$3,460. terms 1/10,n/30. 31 Freddy Flint withdrew cash for personal use, $2,000. Issued Check No. 418. 31 Issued Check No. 419 to Glisan Distributors for a cash purchase of merchandise, $975 1. PURCHASES JOURNAL PAGE 7