Schedule of Accounts Payable Ryan's Express, a retail business, had the following beginning balances and purchases and payments activity in its accounts payable ledger during October. Accounts Payable Ledger Name Balance Oct. 1, 20-- Purchases Payments Columbia Products $4,350 $3,060 $2,060 Favorite Fashions 4,910 1,970 2,600 Rustic Legends 5,130 2,625 3,015 Prepare a schedule of accounts payable for Ryan's Express as of October 31, 20--. Ryan's Express Schedule of Accounts Payable October 31, 20- Columbia Products - Eavorite Fashions - Rustic Legends -

Journal Entries for Merchandise Transactions on Seller’s and Buyer’s Records—Periodic System The following are selected transactions for Jefferson, Inc., during the month of April: April 20 Sold and shipped on account to Lind Stores merchandise for $3,000, with terms of 1/10, n/30. April 27 Lind Stores returned defective merchandise billed at $300 on April 20. April 29 Received from Lind Stores a check for full settlement of the April 20 transaction.   Required Prepare the necessary journal entries for (a) Jefferson, Inc., and (b) Lind Stores. Both companies use the periodic inventory system. Sellers journal entries Buyer's journal entries JEFFERSON, INC. GENERAL JOURNAL Date Description Debit Credit Apr. 20 Answer   Answer   Answer       Answer   Answer   Answer       Sold merchandise to Lind Stores terms 1/10, n/30.       27 Answer   Answer   Answer       Answer   Answer   Answer       Merchandise returned by Lind Stores.       29…

en June 12, Music, Incorporated sells $4,000 of goods on account to a credit customer with credit terms of 1/10, n/30. If the custome ays on June 20, select the correct entry to record the receipt of the customer's payment: Multiple Choice Account Name Debit Credit Cash 4,000 Accounts Receivable 4,000 Account Name Debit Credit Cash 3,960 Sales Discounts 40 Accounts Receivable 4,000 Account Namė Debit Credit Accounts Receivable 3,960 Sales Discounts 40 Cash 4,000 ***. MAY 7

Following is information from Fredrickson Company for its first month of business. Credit Sales Jan. 10 Stern Company 19 Diaz Brothers 23 Rex Company Required 1 Required 2 1. Journalize the above transactions in the accounts receivable subsidiary ledger. 2. Journalize the accounts receivable balance listed in the general ledger at month's end. Date $4,200 1,700 2,650 Complete this question by entering your answers in the tabs below. Date Journalize the above transactions in the accounts receivable subsidiary ledger. Debit ACCOUNTS RECEIVABLE LEDGER Stern Company Debit Cash Collections Jan. 20 Stern Company 28 Diaz Brothers 31 Rex Company Credit Diaz Brothers Credit $ 2,100 1,700 1,378 Balance Balance