Problem $8\mathrm{.}4$A $($Algo$)$ Journalizing credit purchases and purchases returns and allowances, posting to the general ledger, posting to the accounts payable ledger, and preparing a schedule of accounts payable. LO $8-1,8-2,8-3,8-4,8-5,8-6$

Office Plus is a retail business that sells office equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for September are shown below. The general ledger accounts and the creditors$$ accounts in the accounts payable subsidiary ledger used to record these transactions are also provided. All balances shown are for the beginning of September.

GENERAL LEDGER ACCOUNTS$205$Accounts payable, $$28,346$ Credit$501$Purchases$502$Freight In$503$Purchases returns and allowances

CreditorsNameTermsBalanceApex Office Machines, Incorporatedn$60/$n$60$$ $11,050$Brown Paper Company$110/110,$ n$30/$n$302,210$Dalton Office Furniture Companyn$30/$n$309,666$Davis Corporationn$30/$n$30$Zenn Furniture, Incorporated$210/210,$ n$30/$n$305,420$

DATETRANSACTIONSSeptember $3$Purchased desks for $$8,010$ plus a freight charge of $$221$ from Dalton Office Furniture Company, Invoice $4213,$ dated August $29$; the terms are $30$ days net.September $7$Purchased computers for $$12,200$ from Apex Office Machines, Incorporated, Invoice $9217,$ dated September $2,$ net due and payable in $60$ days.September $10$Received Credit Memorandum $511$ for $$690$ from Dalton Office Furniture Company; the amount is an allowance for damaged but usable desks purchased on Invoice $4213,$ dated August $29.$September $16$Purchased file cabinets for $$2,646$ plus a freight charge of $$133$ from Davis Corporation, Invoice $8066,$ dated September $11$; the terms are $30$ days net.September $20$Purchased electronic desk calculators for $$1,000$ from Apex Office Machines, Incorporated, Invoice $11011,$ dated September $15,$ net due and payable in $60$ days.September $23$Purchased bond paper and copy machine paper for $$8,400$ plus a freight charge of $$100$ from Brown Paper Company, Invoice $6498,$ dated September $18$; the terms are $110/110,$ n$30/$n$30.$September $28$Received Credit Memorandum $312$ for $$970$ from Apex Office Machines, Incorporated, for defective calculators that were returned; the calculators were originally purchased on Invoice $11011,$ dated September $15.$September $30$Purchased office chairs for $$3,930$ plus a freight charge of $$169$ from Zenn Furniture, Incorporated, Invoice $696,$ dated September $25$; the terms are $210/210,$ n$30/$n$30.$

Required:

Open the general ledger accounts and enter the balance of Accounts Payable for September $1,20$X$1.$

Open the creditors$$ accounts in the accounts payable subsidiary ledger and enter the balances for September $1.$

Record the transactions in a three$-$column purchases journal and in a general journal.

Post to the accounts payable subsidiary ledger daily.

Post the entries from the general journal to the proper general ledger accounts at the end of the month.

Total the purchases journal as of September $30.$

Post the column totals from the purchases journal to the proper general ledger accounts.

Prepare a schedule of accounts payable and compare the balance of the Accounts Payable control account with the schedule of accounts payable.

Analyze:

What total amount was recorded for purchases returns and allowances in the month of September? What percentage of total purchases does this represent?