Question

The Old English Garden Shop is a retail store that sells garden equipment, furniture, and supplies. Its credit purchases and purchases returns and allowances for July are listed below. The general ledger accounts used to record these transactions are also provided. The balance shown is for the beginning of July 2019. PARTI GENERAL LEDGER ACCOUNTS 205 Accounts Payable, $35,810 Cr. 501 Purchases 502 Freight In 503 Purchases Returns and Allowances DATE TRANSACTIONS July 1 Purchased lawn mowers for $9,140 plus a freight charge of $242 from Charleston Corporation, Invoice 1011, dated June 26, net due and payable in 60 days. 5 Purchased outdoor chairs and tables for $4,300 plus a freight charge of $545 from Cedarbrook Garden Center, Invoice 639, dated July 2, net due and payable in 45 days. Purchased grass seed for $1,250 from Lawn and Gardens Supply, Invoice 8164, dated July 5; the terms are 30 days net. Received Credit Memorandum 110 for $538 from Cedarbrook Garden Center; the amount is an allowance for scratches on some of the chairs and tables originally purchased on Invoice 639, dated July 2. Purchased fertilizer for $1,130 plus a freight charge of $249 from Lawn and Gardens Supply, Invoice 9050, dated July 15; the terms are 30 days net. 21 Purchased hoses from Dunn Rubber Company for $3,610 plus a freight charge of $217, Invoice 1785, dated July 17; terms are 1/15, n/60. 28 Received Credit Memorandum 223 for $360 from Dunn Rubber Company for damaged hoses that were returned; the goods were purchased on Invoice 1785, dated July 17. 31 Purchased lawn sprinkler systems for $10,240 plus a freight charge of $271 from Warren industrial Products, Invoice 8985, dated July 26; the terms are 2/10, n/30.

Answer 1

1	Accounts Payable		Account no.205
	Date	Debit	Credit	Balance
	1-Jul			35810

2.

2	Purchase journal
	Date	Purchased From	Invoice	Invoice	Terms	Accounts Payable	Purchases	Freight in
			Number	Date		Credit	Debit	Debit
	1-Jul	Charleston Corporation	1011	26-Jun	n/60	9382	9140	242
	5-Jul	Cedarbrook garden Centre	639	2-Jul	n/45	4845	4300	545
	9-Jul	Lawn and Garden Supplies	8164	5-Jul	n/30	1250	1250	0
	19-Jul	Lawn and Garden Supplies	9050	15-Jul	n/30	1379	1130	249
	21-Jul	Dunn Rubber Company	1785	17-Jul	1/15,n/60	3377	3160	217
	31-Jul	Warren industrial Products	3985	26-Jul	2/10, n/30	10511	10240	271
	General Journal
	Transaction	Account Title	Debit	Credit
	1	Purchases (Lawn Movers)	9382
		Charleston Corporation		9140
		Freight in		242
	2	Puchases ( outdoor chairs and tables)	4845
		Cedarbrook garden Centre		4300
		Freight in		545
	3	Purchases( Grass seed)	1250
		Lawn and Garden Supplies		1250
	4	Cedarbrook garden Centre	530
		Credit Memorandum		530
	5	Purchases (Fertilizers)	1379
		Lawn and Garden Supplies		1130
		Freight in		249
	6	Purchases (Hoses)	3827
		Dunn Rubber Company		3610
		Freight in		217
	7	Dunn Rubber Company	360
		Credit Memorandum		360
	8	Purchases ( Lawn Sprinklers)	10511
		Warren industrial Products		10240
		Freight in		271

3.

3	Accounts Payable		Account no.205
	Date	Debit	Credit	Balance
	1-Jul			35810
	1-Jul	Charleston Corporation	9382	45192
	5-Jul	Cedarbrook garden Centre	4845	50037
	9-Jul	Lawn and Garden Supplies	1250	51287
	19-Jul	Lawn and Garden Supplies	1379	52666
	21-Jul	Dunn Rubber Company	3377	56043
	31-Jul	Warren industrial Products	10511	66554

4. Total of Purchase Journal on 31st july =

30744