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Required informotion The following information applies to the questions displayed below] 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 201. GENERAL- LEDGER ACCOUNIS 205 Accounts payabie, $35,980 Credit 501 Purchases 502 Freight in Ses Purchases returns and allowances DATE TRANSACTIONS July 1 Purchased lown nowers for $9,410 plus a freight charge of $269 from charleston Corporation, Invoice 1011 , dated Dune 26, net due and payable in 60 days. July 5 Purchased outdoor chairs and tables for $4,470 plus a freight charge of $562 from Cedarbrook Garden center, Invoice 639, dated July 2 , net due and payable in 45 days. July 9 Purchased grass seed for $1,525 from Lawn and Gardens : Supply, Invofce 8164 , dated July 5; the terms are 30 days net. Wuly 16 Received Credit Menorandum 110 for $500 fron Cedarbrook Garden Center; the omount is an allowance for scratches on some of the chairs and tables originally purchased on Invoice 639, dated July 2 . July 19 purchased fertilizer for $1,390 plus a freight charge of $266 from Lain and Gardens 5upply, Invoice 9050 , dated. July 15; the terms are 39 days net. July 21 Purchased hoses from Dunn Rubber Company for $3,790 plus a freight charge of $264, Invoice 1785 , dated July 17 ; terns are 1/15,n/60. July 28 Received Credit Memorandum 223 for $530 from Dunn Rubber Company for damaged hoses that were returned; the goods were purchased on Involce 1785 , dated July 17. July 31 Purchased lawn sprinkler systems for $10,610 plus a freight charge of $298 from Warren Industrial Products, Invoice 8985, dated July 26 ; the terms are 2/10,n/30. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payoble for July 1. 2. Record the transactions in a three-column purchases journal and in a general journal. 3. Post the entries from the general journal to the proper general ledger accounts. 4. Total and prove the purchases journal as of July 31 5. Post the column totals from the purchases journal to the proper general ledger accounts. 6. Compute the net delivered cost of the firm's purchases for the month of July

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