Digital World is a retail store that sells cameras and photography supplies. The firms 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.

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, $13,604 Cr. 501 Purchases 502 Freight In 503 Purchases Returns and Allowances DATE TRANSACTIONS June 1 Purchased instant cameras for $1,890 plus a freight charge of $150 from Pro 8 Purchased film for $1,378 from Photo Supplies, Invoice 1102, dated June 3, 12 Purchased lenses for $9ee from Nano Glass, Invoice 7282, dated June 9; the 18 Received Credit Memorandum 110 for $320 from Pro Photo Equipment for Photo Equipment, Invoice 4241, dated May 27; the terms are 6e days net. net payable in 45 days. terms are 1/1e, n/6e defective cameras that were returned they were originally purchased on 20 Purchased color film for $1,040 plus freight of $59 from Photo Supplies, 23 Purchased camera cases for $1,940 from Hi-Qual Case, Invoice 3108, dated 28 Purchased lens filters for $2,310 plus freight of $104 from Holtz Spectrum, 30 Received Credit Memorandum 1108 for $230 from Hi-Qual Case; the amount is an Invoice 4241, dated May 27. Invoice 1148, dated June 15, net payable in 45 days. June 18, net due and payable in 45 days. Invoice 5027, dated June 24; the terms are 2/10, n/30 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 net purchases of the firm for the month of June Analyze What total purchases were posted to the Purchases general ledger account for June