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4 Required information The following information applies to the questions displayed below paints Digital World is a retail store that sells cameras and photography supplies.

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4 Required information The following information applies to the questions displayed below paints 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 eel GENERAL LEDGER ACCOUNTS 20 Accounts payable, $13,694 Cr. 501 Purchases Sex Freight In Se3 Purchases returns and allowances DATE TRANSACTIONS June 1 Purchased instant camera for $1,938 plus freight charge of $170 from Pro Photo Equipment, Involce 4241, dated May 27 the terms are se days 8 Purchased fils for $2.382 from Photo Supplies, Invoice 1102, dated June 3, net payable in 45 days. 12 Purchased lenses for $904 Tron Nano Glass Invoice 7282, dated June : the terms are 1/10, 1/60 15 Received Credit Memorandum 110 for $340 Froe Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Involce 4241, dated May 27. 20 Purchased color vil for $1.000 plus freight of $63 from Photo Supplies, Invoice 1748, dated June 15. net payable in 45 days. 23 Purchased camera casts for $1,4 from Hi-Qual Case, Twoice 3105, dated June 18, net due and payable in 45 days. 28 Purchased lens filters for $2.350 plus Freight of $100 from Holtz Spectrum, Invoice 5027, dated June 24, the terus are 2/10, W10 Received Credit Memorandum 1100 for $250 from Hi Qual cases the amount is an allowance for damaged hut usable goods purchased on molde 3308, dated June 18. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for June 1, 20X1 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 joumal as of June 30 5. Post the column totals from the purchases journal to the proper general ledger accounts 6. Compute the net delivered cost of purchases for the firm for the month of June Analyze What total purchases were posted to the Purchases general ledger account for June? M

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