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wledge Check the following transactions during January 2019: Bowden Company DATE TRANSACTIONS 2019 Jan. 8 Issued Check 2101 for $2, 940 on account to Song, Inc. in payment of Invoice 1885 dated December 30, 2018, less cash discount of $60. 10 Purchased merchandise for $3,500 from Song, Inc., Invoice 1920: terms 2/10, n/30. 15 Received Credit Memorandum 320 from Song, Inc., for damaged merchandise totaling $300 that was returned: purchased onInvoice 1920, dated 2 2 thel goods were January 1O unt due to Song foInvoice 1920 of gamuary 0 less the recurn of danuary 15 and less the cash discount, Check 2130. 30/Pu chased merchandise for $4,400 from Song, Inc., Inyoice 1950 terms 2/10, n/30 GENERAL LEDGER ACCOUNTS-BOWDEN COMPANY 201 Accounts P $3.000 0 ACCOUNTS PAYABLE LEDGER ACCOUNT BOWDEN COMPANY ne/ $a.000 4of 5 Score answer> 《 Prev
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| Books of Bowden | |||
| General Journal | |||
| 8-Jan | Accounts payable-Song Inc. | 3000 | |
| Cash | 2940 | ||
| Discounts received | 60 | ||
| (Settlement of Inv.No.1885 dt. Dec.30,’18) | |||
| 10-Jan | Merchandise Inventory | 3500 | |
| Accounts payable-Song Inc. | 3500 | ||
| (Inv.no.1920 Terms 2/10,n/30) | |||
| 15-Jan | Accounts payable-Song Inc. | 300 | |
| Merchandise Inventory | 300 | ||
| (Return of damaged goods) | |||
| 19-Jan | Accounts payable-Song Inc. | 3200 | |
| Cash(3200-64) | 3136 | ||
| Discounts received(2%*3200) | 64 | ||
| (Settlement of Inv.No.1920 dt. Jan 15,’19) | |||
| 30-Jan | Accounts payable-Song Inc. | 4400 | |
| Accounts payable-Song Inc. | 4400 | ||
| (Inv.no.1950 Terms 2/10,n/30) | 14400 | 14400 | |
| LEDGER ACCOUNTS | |||
| Accounts payable-Song Inc. | |||
| 1-Jan | Beginning Balance | 3000 | |
| 8-Jan | Settlement of Inv.No.1885 dt. Dec.30,’18 | 3000 | |
| 10-Jan | Inv.no.1920 Terms 2/10,n/30 | 3500 | |
| 15-Jan | Return of damaged goods | 300 | |
| 19-Jan | Settlement of Inv.No.1920 dt. Jan 15,’19 | 3200 | |
| 30-Jan | Inv.no.1950 Terms 2/10,n/30 | 4400 | |
| Balance c/d | 4400 | ||
| Cash a/c | |||
| 8-Jan | Settlement of Inv.No.1885 dt. Dec.30,’18 | 2940 | |
| 19-Jan | Settlement of Inv.No.1920 dt. Jan 15,’19 | 3136 | |
| 6076 | |||
| Discounts received a/c | |||
| 8-Jan | Settlement of Inv.No.1885 dt. Dec.30,’18 | 60 | |
| 19-Jan | Settlement of Inv.No.1920 dt. Jan 15,’19 | 64 | |
| 124 | |||
| Purchases a/c | |||
| 10-Jan | Inv.no.1920 Terms 2/10,n/30 | 3500 | |
| 15-Jan | Return of damaged goods | 300 | |
| Books of Song Inc. | |||
| General Journal | |||
| Date | Account Title | Debit | Credit |
| 8-Jan | Cash | 2940 | |
| Discounts allowed | 60 | ||
| Accounts receivable-Bowden | 3000 | ||
| (Settlement of Inv.No.1885 dt. Dec.30,’18) | |||
| 10-Jan | Accounts receivable-Bowden | 3500 | |
| Sales | 3500 | ||
| ( Vide Inv.no.1920 Terms 2/10,n/30) | |||
| 15-Jan | Sales | 300 | |
| Accounts receivable-Bowden | 300 | ||
| (Return of damaged goods) | |||
| 19-Jan | Cash | 3136 | |
| Discounts allowed | 64 | ||
| Accounts receivable-Bowden | 3200 | ||
| (Settlement of Inv.No.1920 dt. Jan 15,’19) | |||
| 30-Jan | Accounts receivable-Bowden | 4400 | |
| Sales | 4400 | ||
| ( Vide Inv.no.1950 Terms 2/10,n/30) | |||
| LEDGER ACCOUNTS | |||
| Date | Account Title | Debit | Credit |
| Accounts receivable-Bowden | |||
| 1-Jan | Beginning balance | 3000 | |
| 8-Jan | Settlement of Inv.No.1885 dt. Dec.30,’18 | 3000 | |
| 10-Jan | Inv.no.1920 Terms 2/10,n/30 | 3500 | |
| 10-Jan | Return of damaged goods | 300 | |
| 19-Jan | Settlement of Inv.No.1920 dt. Jan 15,’19 | 3200 | |
| 30-Jan | Inv.no.1950 Terms 2/10,n/30 | 4400 | |
| Balance c/d | 4400 | ||
| Cash a/c | |||
| 8-Jan | Settlement of Inv.No.1885 dt. Dec.30,’18 | 2940 | |
| 19-Jan | Settlement of Inv.No.1920 dt. Jan 15,’19 | 3136 | |
| Discounts Allowed a/c | |||
| 8-Jan | Settlement of Inv.No.1885 dt. Dec.30,’18 | 60 | |
| 19-Jan | Settlement of Inv.No.1920 dt. Jan 15,’19 | 64 | |
| Sales a/c | |||
| 10-Jan | Inv.no.1920 Terms 2/10,n/30 | 3500 | |
| 15-Jan | Sales Returns | 300 | |
| 15-Jan | Inv.no.1950 Terms 2/10,n/30 | 4400 | |
| 3…. | Debit | Credit |
| Books of Bowden | ||
| Accounts payable-Song Inc. | 4400 | |
| Books of Song | ||
| Accounts receivable-Bowden | 4400 |
