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, $560.
11	Returned merchandise to A & D Arms, $600.
23	Returned merchandise to Mighty Mansion, $290.

	General Ledger
Account No.	Account	Balance Mar 1, 20--
202	Accounts Payable	$8,440
501.1	Purchases Returns and Allowances	---

Accounts Payable Ledger
Name	Balance Mar 1, 20--
A & D Arms	$2,450
Mighty Mansion	1,470
Tower Industries	4,520

Journalize the transactions. Do not enter the posting references until you complete part 2.

GENERAL JOURNAL				PAGE 3
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Mar. 5	Accounts Payable/Tower Industries
	Purchases Returns and Allowances
	Returned merchandise
Mar. 11	Accounts Payable/A & D Arms
	Purchases Returns and Allowances
	Returned merchandise
Mar. 23	Accounts Payable/Mighty Mansion
	Purchases Returns and Allowances
	Returned merchandise

After posting to the general ledger, go to part 1 and complete the posting. Enter the transactions in chronological order. If an amount box does not require an entry, leave it blank.

GENERAL LEDGER
ACCOUNT	Accounts Payable				ACCOUNT NO.	202
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
Mar. 1	Balance					8,440
Mar. 5		J3
Mar. 11		J3
Mar. 23		J3

ACCOUNT	Purchases Returns and Allowances				ACCOUNT NO.	501.1
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
Mar. 5		J3
Mar. 11		J3
Mar. 23		J3

ACCOUNTS PAYABLE LEDGER
NAME	A & D Arms
ADDRESS
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Mar. 1	Balance				2,450
Mar. 5		J3

NAME	Mighty Mansion
ADDRESS
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Mar. 1	Balance				1,470
Mar. 11		J3

NAME	Tower Industries
ADDRESS
DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
20--
Mar. 1	Balance				4,520
Mar. 23		J3