Question Content Area Journalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Transactions for July and the beginning balances for selected general ledger and accounts payable ledger accounts are shown. July 7 Returned merchandise to Starcraft Industries, $700. 15 Returned merchandise to XYZ, Inc., $450. 27 Returned merchandise to Datamagic, $900. General Ledger Account No. Account Balance July 1, 20-- 202 Accounts Payable $10,650 501.1 Purchases Returns and Allowances --- Accounts Payable Ledger Name Balance July 1, 20-- Datamagic $2,600 Starcraft Industries 4,300 XYZ, Inc. 3,750 Required: Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions.