Question: Journalizing purchase returns and allowances and post to general ledger and accounts payable ledger. Journalizing Purchases Returns and Allowances and Posting to General Ledger and

Journalizing purchase returns and allowances and post to general ledger and accounts payable ledger.

accounts payable ledger. Journalizing Purchases Returns and Allowances and Posting to General

and the following general ledger accounts and accounts payable ledger accounts, journalize

Journalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Using page 3 of a general journal and the following general ledger accounts and accounts payable ledger accounts, journalize and post the following transactions Mar. 5 Returned merchandise to Tower Industries, $530 11 Returned merchandise to A & D Arms, $625. 23 Returned merchandise to Mighty Mansion, $295. General Ledger Account No. Account Balance Mar 1, 20- $8,460 202 Accounts Payable 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name A&D Arms Mighty Mansion Tower Industries Journalize the transactions. Do not enter the posting references until you complete part 2 Balance Mar 1, 20- $2,490 1,320 4,650 GENERAL JOURNAL PAGE 3 DESCRIPTION POST, REP DEBIT CREDIT DATE 20-- Mar. 5 Returned merchandise Mar. 11

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