Journalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Transactions for July and the beginning balances for select general ledger and accounts payable ledger accounts are as follows: July 7 Returned merchandise to Starcraft Industries, $600. 15 Returned merchandise to XYZ, Inc., $360. 27 Returned merchandise to Datamagic, $990. Account No. 202 General Ledger Account Balance July 1, 20-- $10,560 Accounts Payable 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name Balance July 1, 20-- Datamagic $2,610 Starcraft Industries 4,310 XYZ, Inc. 3,640 1. Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references until you complete part 2. DATE 20-- Jul. 7 Jul. 15 Jul. 27 DESCRIPTION GENERAL JOURNAL POST. REF. DEBIT PAGE 3 CREDIT