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Annette's Photo Shop is a retail store that sells cameras and photography supplies. The company began operations April 1, 20X1. The firm purchases its merchandise
Annette's Photo Shop is a retail store that sells cameras and photography supplies. The company began operations April 1, 20X1. The firm purchases its merchandise for cash and on open account. During April, the company engaged in the following transactions DATE TRANSACTIONS 20x1 April 1 Purchased camera film on credit from Camera & Film Products, Invoice 625, $995, terma n/30freight of $15 prepaid by Camera & Film Products and added to the invoice (total amount due, $1,000). 3 Purchased lenses on credit for 5830 from Vision Supplies, Inc., Invoice 998, terma n/30. 11 Purchased DVD camcorders on credit for $5,100 from Optical Products, Invoice 4101, terma n/30. 15 Recorded various purchases of merchandise for cash from April 1 to April 15, $2,300. 26 Purchased lighting equipment on credit from Myers Brothers Camera Sapplies, Invoice 9288, 55,900, terma n/367 freight of $222 prepaid by Myers Brothers Camera Supplies and added to the invoice (total amount due, $6.122). 27 Issued Check 102 for 5560 to Vision Supplies, Inc., in partial payment of Invoice 998 dated April 3. 30 Recorded various purchases of merchandise for cash from April 16 to April 30, $2,770. 30 Innued Check 103 to Camera & Film Products in payment of the total amount due on Invoice 825 dated April 1. Required: 2. Record the transactions in a general journal. 3. Post the entries from the general journal to the appropriate general ledger accounts. GENERAL LEDGER ACCOUNTS 101 Cash $11.300 Dr. 205 Recounts Payable 301 Purchase 502 Freighth
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