Using these transactions can you help me fill out the different ledgers ment Sav

Question

Using these transactions can you help me fill out the different ledgers

ment Saved Help Save & Exit Submit Big Country Ski Shop is a retail store that sells ski equipment and clothing. Big Country Ski Shop commenced business on September 1, 2019. The firm purchases merchandise on open account The firm's purchases, purchase returns and allowances, and cash payments on account during September 2019 follow DATE TRANSACTIONS 2019 2 purchased ski boote or $5,100 plus a freight charge of $260 from colorado Ski shop, Invoice ased ski boots for $5,100 plus a freight charge of $260 from Colorado ski shop, Invoice 6672, terms n/30 3 Purchased skis for $10,700 7 Received Credit Memorandum 165 for $850 from colorado Ski shop for return of damaged ski boots: trom Alaska Supply Company, Invoice 5916: terms 1/10, n/30 boots were originally purchased September 2 on Invoice 6672 11 purchased ski jackets for $3,500 from Cold Mountain clothing Company, Invoice 4091, terms n/30 12 Issued check 104 to Alaska Supply company in payment of Invoice 5916, dated Soptember 3, less the cash discount 22 Purchased ski poles for $3,260 plus a freight charge of $195 from Alaska supply company Tnvoice 5950, teme 3/10, n/30 23 Purchased ski pants for s1,750 fron Swenson ski Goods, Invoico 528, terms n/30 25 Received Credit Memorandum 245 for $25o Erom Swenson ski Goods for recurn of defoctive ski panto: the pants were originally purchased Septembor 23 on Invoice 528 27 Purchased ski sveaters for $4,100 plus a freight charge of $175 from Colorado ski shop, Invoice 6722, terms n/30 30 Igsued check 110 to Colorado Ski shop in payment of Invoice 6672, dated September a, less the return of september 7 Required: 1. Open the general ledger accounts and accounts payable ledger accounts indicated below Enter the balance of Cash as of September 1, 2019 2. Post the entries from the general journal to the appropriate accounts in the general ledger and in the sccounts payable ledger 3. Prepare a schedule of accounts payable GENERAL LEDGER ACCOUNTS 1 of 2 Next>

Explanation / Answer

Journal entries Date Account Title Debit Credit 2019 2-Sep Purchases 5100 Freight-in 260 Accounts payable-Colorado Ski shop 5100 Cash 260 Invoice 6672, terms n/30 3-Sep Purchases 10700 Accounts payable-Alaska Supply Co. 10700 Invoice 5916, terms 1/10, n/30 7-Sep Accounts payable-Colorado Ski shop 850 Purchase returns& allowances 850 Damaged---Invoice 6672, terms n/30 11-Sep Purchases 3500 Accounts payable-Cold Mountain Clothing Co. 3500 Invoice 4091, terms n/30 12-Sep Accounts payable-Alaska Supply Co. 10700 Purchase Discounts 107 Cash 10593 Settlement of Invoice 5916, terms 1/10, n/30 22-Sep Purchases 3260 Freight-in 195 Accounts payable- Alaska Supply Co. 3260 Cash 195 Invoice 5950, terms 3/10, n/30 23-Sep Purchases 1750 Accounts payable-Swenson Ski Goods 1750 Invoice 528, terms n/30 25-Sep Accounts payable-Swenson Ski Goods 250 Purchase returns& allowances 250 Defective--Invoice 528, terms n/30 27-Sep Purchases 4100 Freight-in 175 Accounts payable-Colorado Ski shop 4100 Cash 175 Invoice 6722, terms n/30 30-Sep Accounts payable-Colorado Ski shop 4250 Cash 4250 (5100-850) 45090 45090 LEDGER ACCOUNTS Net Ledger balances Date Account Title Debit Credit Debit Credit Accounts payable- Alaska Supply Co. 3260 Accounts payable-Alaska Supply Co. 10700 12-Sep Accounts payable-Alaska Supply Co. 10700 3260 Accounts payable-Cold Mountain Clothing Co. 3500 3500 Accounts payable-Colorado Ski shop 5100 7-Sep Accounts payable-Colorado Ski shop 850 Accounts payable-Colorado Ski shop 4100 30-Sep Accounts payable-Colorado Ski shop 4250 4100 Accounts payable-Swenson Ski Goods 1750 25-Sep Accounts payable-Swenson Ski Goods 250 1500 Cash 260 Cash 195 Cash 175 Cash 4250 Cash 10593 15473 Freight-in 260 Freight-in 195 Freight-in 175 630 Purchase Discounts 107 107 Purchase returns& allowances 850 Purchase returns& allowances 250 1100 2-Sep Purchases 5100 3-Sep Purchases 10700 11-Sep Purchases 3500 22-Sep Purchases 3260 23-Sep Purchases 1750 27-Sep Purchases 4100 28410 45090 45090 29040 29040 Schedule of Accounts Payable Alaska Supply Co. 3260 Cold Mountain Clothing Co. 3500 Colorado Ski shop 4100 Swenson Ski Goods 1500 Total 12360 Total of Accounts payable a/cs 12360

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