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2. Ledgers General Journals Purchase Journals Schedule of A/P

Required information [The following information applies to the questions displayed below.] Digital World is a retail store that sells cameras and photography supplies. The firm's credit purchases and purchases returns and allowances transactions for June 20X1 appear below, along with the general ledger accounts used to record these transactions. The balance shown in Accounts Payable is for the beginning of June. GENERAL LEDGER ACCOUNTS 205 Accounts payable, $13,654 Cr. 501 Purchases 502 Freight In 503 Purchases returns and allowances DATE TRANSACTIONS June 1 Purchased instant cameras for $1,900 plus a freight charge of $155 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net. 8 Purchased film for $1,379 from Photo Supplies, Invoice 1102, dated June 3, net payable in 45 days. 12 Purchased lenses for $901 from Nano Glass, Invoice 7282, dated June 9; the terms are 1/10, n/60. 18 Received Credit Memorandum 110 for $325 from Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241, dated May 27. 20 Purchased color film for $1,050 plus freight of $60 from Photo Supplies, Invoice 1148, dated June 15, net payable in 45 days. 23 Purchased camera cases for $1,941 from Hi-Qual Case, Invoice 3108, dated June 18, net due and payable in 45 days. 28 Purchased lens filters for $2,320 plus freight of $105 from Holtz Spectrum, Invoice 5027, dated June 24; the terms are 2/10, n/30. 30 Received Credit Memorandum 1108 for $235 from Hi-Qual Case; the amount is an allowance for damaged but usable goods purchased on Invoice 3108, dated June 18. Creditors Terms n/45 n/45 n/60 1/10, n/60 2/10, n/30 Name Photo Supplies Hi-Qual Case Pro Photo Equipment Nano Glass Holtz Spectrum Balance $ 10,430 1,150 2,074 Ledgers Purchases Journal General Journal Schedule of AP Analyze Post the opening balances and transactions from the purchases journal and the general journal. Hi-Qual Case Terms n/45 Holtz Spectrum Date Credit Balance Date Debit June 01, 20X1 Terms 2/10, n/30 Credit Balance Debit Terms n/45 Nano Glass Date June 01, 20X1 Terms 1/10, n/60 Credit Balance Debit Photo Supplies Date June 01, 20X1 Debit Credit Balance Pro Photo Equipment Date Debit Terms n/60 Credit Balance Complete this question by entering your answers in the tabs below. Ledgers Purchases Journal General Journal Schedule of AP Analyze Record the transactions in a three-column purchases journal for June, 20x1. PURCHASES JOURNAL Invoice Date of Number Invoice Date Purchased From Terms Accounts Payable Credit Purchases Debit Freight in Debit June 30 Totals Prepare a schedule of accounts payable for June 30 DIGITAL WORLD Schedule of Accounts Payable June 30, 20X1 Total

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