d is a retail store that sells cameras and photography supplies. The firm's credit purchases June 2019 appear below, along with the general ledger accounts used to record these transactions. Th of June. GENERAL LEDGER ACCOUNTS 205 Accounts Payable, $14,404 Cr. 501 Purchases 502 Freight In 503 Purchases Returns and Allowances DATE TRANSACTIONS Purchased instant cameras for $2,050 plus a freight charge of $230 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net Purchased film for $1,394 from Photo Supplies, Invoice 1102, dated June 3, net payable in 45 days Purchased lenses for $916 from Nano Glass, Invoice 7282, dated June 9; the terms are 1/10, June 1 8 12 18 20 Purchased color film for $1 200 plus freight of $75 from Photo Supplies, Invoice 1148, dated 23 Purchased camera cases for $1,956 from Hi-Qual Case, Invoice 3108, dated June 18, net due n/60. Received Credit Memorandum 110 for $400 from Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241, dated May 27 June 15, net payable in 45 days. 28 Purchased lens filters for $2.470 plus freight of $120 from Holtz Spectrum, Invoice 5027, dated 30 Received Credit Memorandum 1108 for $310 from Hi-Qual Case; the amount is an allowance and payable in 45 days. June 24; the terms are 2/10, n/30 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 jounal 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 net purchases of the firm for the month of June Analyze: What total purch ases were posted to the Purchases general ledger account for June? Complete this question by entering your answer in the tabs below Ledgers Purchases General naournal Analyze Pre pare a three-column purchase journal to record the above transactions for 2019. PURCHASES JOURNAL Date Purchased From Invoice Date of Invoice Number Terms Aecoun Terms Payabl Purchased lens filters for $2,470 plus freight of $120 from Holtz Spectrum, Invoice 5027, dated June 24; the terms are 2/10, n/30 Received Credit Memorandum 1108 for $310 from Hi-Qual Case; the amount is an allowance for damaged but usable goods purchased on Invoice 3108, dated June 18. 28 30 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 net 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. Purchases Journal General Journal Ledgers Analyze What total purchases were posted to the Purchases general ledger account for June? Compute the net purchases of the firm for the month of June. Total purchases
