College Accounting: Chapers 1-133, 15th Edition. Journalizing credit purchases and purcases returns and allowances and posting to the general ledger. Problem 8.1A Chapter 8 Digital world is a retail store that sells cameras and pothography supplies. The firm's credit purchases and purchases returns and allownces 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, 404 Cr 501 Purchases 502 Freight in 503 Purchases Returns and Allowances Date Transactions june 1 Purchased instant camera for $ 2,050 plus a freight charge of $230 from Pro Photo Equipment, nvoice 4241, dated May 27; the terms are 60 days net. 8 Purchased firm for $1,394 from Photo Supplies, invoice 1102, dated June 3, net payable in 45 days. 12