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1. Enter the transactions starting with page 16 of a general journal. Post from the journal to the general ledger and accounts payable ledger accounts. Use general ledger account numbers as shown in the chapter.

PURCHASES AND CASH PAYMENTS TRANSACTIONS Emily Frank owns a small retail business called Franks Fantasy. The cash account has a balance of $21,000 on July 1. The following transactions occurred during July:

July 1 Issued Check No. 414 in payment of July rent, $2,500.

1 Purchased merchandise on account from Tillys Toys, Invoice No. 311, $2,800, terms 2/10, n/30.

3 Purchased merchandise on account from Scheer & Company, Invoice No. 812, $3,300, terms 1/10, n/30.

5 Returned merchandise purchased from Tillys Toys, receiving a credit memo on the amount owed, $300.

8 Purchased merchandise on account from Donnas Dolls, Invoice No. 139, $2,900, terms 2/10, n/30.

11 Issued Check No. 415 to Tillys Toys for merchandise purchased on account, less return of July 5 and less 2% discount.

13 Issued Check No. 416 to Scheer & Company for merchandise pur- chased on account, less 1% discount.

15 Returned merchandise purchased from Donnas Dolls, receiving a credit memo on the amount owed, $350.

18 Issued Check No. 417 to Donnas Dolls for merchandise purchased on account, less return of July 15 and less 2% discount.

25 Purchased merchandise on account from Applied Business, Invoice No. 489, $2,650, terms n/30.

26 Purchased merchandise on account from Tillys Toys, Invoice No. 375, $2,180, terms 2/10, n/30.

29 Purchased merchandise on account from Scheer & Company, Invoice No. 883, $3,560, terms 1/10, n/3

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