Question

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 2019 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, $14, 354 Cr. 501 Purchases 502 Freight In 503 Purchases Returns and allowances DATE TRANSACTIONS June 1 Purchased instant cameras for $2,040 plus a freight charge of $225 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net. Purchased film for $1,392 from Photo Supplies, Invoice 1102, dated June 3, net payable in 45 days. 12 Purchased lenses for $915 from Nano Glass, Invoice 7282, dated June 9: the terms are 1/10, n/60. 18 Received Credit Memorandum 110 for $395 from Pro Photo Equipment for defective cameras that were returned they were originally purchased on Invoice 4241, dated May 27. Purchased color film for $1,190 plus freight of $74 from Photo Supplies, Invoice 1148, dated June 15, net payable in 45 days. 23 Purchased camera cases for $1,955 from Ha-Qual Case, Invoice 3108, dated June 18, net due and payable in 45 days. 28 Purchased lens filters for $2,460 plus freight of $119 from Holte Spectrum, Invoice 5027, dated June 24, the tems are 2/10, n/30. 30 Received Credit Memorandum 1108 for $305 from Hi-Qual Case the amount is an allowance for damaged but usable goods purchased on Invoice 3108, dated June 18. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for June 1, 2019 2. Record the transactions in a three-column purchases journal and in a general Journal 3. Post entries from the general Journal to the general ledger accounts. 4. Total and rule the purchases journal as of June 30. 5. Post the column totals from the purchases Journal to the proper general ledger accounts. 6. Compute the not purchases of the firm for the month of June. Analyze What total purchases were posted to the Purchases general ledger account for June? Complete this question by entering your answer in the tabs below.

Digital world is a retail store that sells cameras in photography supplies the firms credit purchases and purchases returns and allowances transactions for June 2019 appear below along with the general ledger account used to record these transactions the balance shown in the accounts payable is for the beginning of June

Answer 1

classmate turchase Retuins and allowances Accounts pate particular Amount Dato Particulars ? Amount June 2019 30th To Balance - 2004 June cla 700 18th By Pro Photo t Equipment Aid 30th By Hi-Qual case AICI 395. 305 Too Dr Accounts Payable Accounts Date Particulares Amount Dato Particulars ce Amount June 18th 8th 20th To Porchase i st und By Balancebral 14,354 Refrains and istung By Purchase Aid 2,040 allowances 395/1th hund By Freightale 225 Alc By Purchase AV 1,393 To poich are 12th By Purchase All 915 Retuoins and 20th By Purchase All 1190 allowances 305 20th By Freight In 74 2300 By Perchase Alo 1,955 To Balance loucod 28. 28th By Purchase 2,460 cld 24,025/28th By Freight Ald 119 gn Alc Alc 30th 124725 24,725

23 28th by Pwoich ases Amount Date ☆ June Accounts Particulars Date Particulars | A 2019 2019 ist Balance 995 To Pro Photo Jund cld Cauipment Ald 2,040 23rd 8th To Photo | 1,393 Supplich Ald 12th To Nano / 915 I Glas Ab 20th To Photo 11190 supplier Ald To Hi-Quae 1,955 To Halts Aly 2,460 spechoum Allo 9953 Freight In Account Date Particular Amount Das Particulars Jual 2019 To Pro Photo 225 30th By Balance cld Equipmental 20th To Photo 74 Supplier Ald 128th I To Halts a specteuimAlc $ June 2014 ist 418

Da, Date Pantallas Armount, ar June 2019 le 2,26 Purchase Alc-Dr. 2,040 Freight Charge Alcone 225 To Pro Photo Fauipment Ale (Being Purchased instant Cameras for $2,040 plus freight charge of & 225 froom Pro Photo tauipment) 1,392 Puichase To (Being Photo Alc-De photo supplier Alc Purchased film from Supplier) 12th 415 915 Purchase All-br To Nano Glass Alc (Being Purchased denses from Nano Glass) 18th 395 Pro Photo Gewipment Alcor 3950 To Purchase Retoun Aid (Being received credit Memorandum 10 for & 395 from Pro Photo Equipment for defective cameras that were returned) 2oth, Purchase Alc-Dr 1,190 74 Freight Alc-De To Photo supplierail Purchased color film! I (Being ✓ 5264

classmite Date Particulars Amount Amount plus freight from Photo supplier) agad 1,955 Purchase Alc-Do - To Hi- Qual Ale (Being Purchased camera casee from Hi Qual case) 1,955 28th 2,579 30th Purchase Alco Dr. 2,460 Freight Alc-Dr. To Halte spectuim Ale (Being Porchased lens. filteeds plus freight from Holts spectrum Hi- Qual Case AlcoDg 1 305 - To poichane Retwen Ale (Being received credit Memorandum from Hi- Qual case the amount is an allowance for damaged but usable goods purchased) 305 1107

Three Column Date Prichased to Purchase Jowenal Pulchades Journal 1 Invoice Date of Terms | Accou mel Accounts / Purchased freight Number Invoice Payable | Debit In Debit Credit June 2019 와 86h 12th 2,265|| 20401 225 1,393 1393 9, 5 915 1264 74 1955 1955 2579 2460 119 Pro Photo Equipment 4241/R7th May ! Photo supplies | 1102 June 3rd Nano Glass 11 7282 athJune o photo supplies 1148/15th June i suou 3105 18th June Holts specteum 5627 puth June 20th 23rd 28th 16371 99$3 418 Total