Assignment

$1.$ Journalize the transactions. Use the periodic method.

$2.$ Record in the accounts payable subsidiary ledger and post to the general ledges as appropriate. A partial general ledger is included in the working papers accompany this text.

$3.$ The following accounts have been added to the chart of accounts: Purchass $6000,$ Purchase Returns and Allowances $6010,$ and Purchase Discounts $602$

$4.$ Prepare a schedule of accounts payable as of February $28,201$X$.$

The transactions for the month of February are as follows:

$201$X

Feb. $1$ Prepaid the rent for the months of February, March, and April, $\backslash$$$1,500,$ check $\backslash$#$2585.$

$4$ Bought merchandise on account from A$-$Tech, Inc., purchase order no$.4012\backslash$$$480$; terms $3/10,$ n$/30.$

$8$ Bought office supplies on account from The Staple Store, purchase order no$.4011,\backslash$$$300$; terms n$/30.$

$9$ Purchased merchandise on account from Computers R Us$,$ purchase order no$.4012,\backslash$$$450$; terms $2/10,$ n$/60.$

$15$ Paid purchase order no$.4010$ in full to A$-$Tech, Inc., check $\backslash$#$2586.$

$21$ Issued debit memorandum no$.10$ to Computers R Us for merchandise returned from purchase order no$.4012,\backslash$$$150.$

$27$ Paid for office supplies, $\backslash (\backslash$$ $120\backslash ),$ check $\backslash$#$2587.$