Purchases Journal

Question

Accts Payable Ledger

E$7-2$B$.$ From the following transactions for Edna Co$.,$ when appropriate, use Exercise $7-2$B

Worksheet to journalize, record, post, and prepare a schedule of accounts payable. Use the same journal headings $($all Page $1)$ and chart of accounts that Art's Clothing Company used in the text. You will have to set up your own accounts payable subsidiary ledger and partial general ledger as needed.

$\backslash$table$[[20xx,,],[$June$,2,$Purchased merchandise on account from Regina Co$.,$ invoice No$.743.$ Terms $\frac{2}{10},$ n$30,$ $$900.],[3,$Purchased merchandise on account from Barstow Co$.,$ invoice No$.3118.$ Terms n$/30,$ $$1,000.],[5,$Purchased merchandise on account from Garry Co$.,$ invoice No$.819.$ Terms $3/15,$ n$/45,$ $$1,600.],[6,\backslash$table$[[$Issued debit memorandum No$.101$ to Regina Co$.$ for damaged goods re: invoice No$.743,],[$$$300.]]],[8,\backslash$table$[[$Issued debit memorandum No$.102$ to Barstow Co$.$ for defective merchandise re: invoice No$.],[3118,$$$200.]]],[10,$Sent cheque No$.831$ to Regina Co$.$ for invoice No$.743$ less returns and discount.$],[12,$Purchased merchandise on account from Regina Co$.,$ invoice No$.784.$ Terms $2/10,$ n$/30,$ $$1,500.],[13,\backslash$table$[[$Issued debit memorandum No$.103$ to Garry Co$.$ for defective merchandise re: invoice No$.819,],[$$$400.]]],[18,$Sent cheque No$.832$ to Garry Co$.$ for invoice No$.819$ less debit memorandum and discount.$]]$