Question: How to input these questions into a general journal and general ledger. The beginning balance on the ledger under 'A/P - Canola Products' is 60,000.

How to input these questions into a general journal and general ledger. The beginning balance on the ledger under 'A/P - Canola Products' is 60,000.

May 3

Received a credit memorandum from Canola Products for merchandise received on April 29 and that we returned for credit this morning.

The amount of the return was:

$1,000.00

May 8

Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30).

May 30

Issued cheque # 3416, payable to Al's Delivery Services for the following transaction:

- shipping cost for incoming merchandise

$450.00

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