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 201 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, $13,854Cr. 501 Purchases 502 Freight In 503 Purchases returns and allowances DATE TRANSACTIONS June 1 Purchased instant cameras for $1,940 plus a freight charge of $175 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net. 8 Purchased film for $1,383 from Photo Supplies, Invoice 1102, dated June 3 , net payable in 45 days. 12 Purchased lenses for $905 from Nano Glass, Invoice 7282, dated June 9 ; the terms are 1/10, n/60 18 Received Credit Memorandum 110 for $345 from Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241 , dated May 27. 20 Purchased color film for $1,090 plus freight of $64 from Photo Supplies, Invoice 1148, dated June 15 , net payable in 45 days. 23 Purchased camera cases for $1,945 from Hi-Qual Case, Invoice 3108, dated June 18, net due and payable in 45 days. DATE TRANSACTIONS June 1 Purchased instant cameras for $1,940 plus a freight charge of $175 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net. 8 Purchased film for $1,383 from Photo Supplies, Invoice 1102 , dated June 3 , net payable in 45 days. 12 Purchased lenses for $905 from Nano Glass, Invoice 7282 , dated June 9 ; the terms are 1/10, n/60. 18 Received Credit Memorandum 110 for $345 from Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241 , dated May 27. 20 Purchased color film for $1,090 plus freight of $64 from Photo Supplies, Invoice 1148 , dated June 15 , net payable in 45 days. 23 Purchased camera cases for $1,945 from Hi-Qual Case, Invoice 3108 , dated June 18 , net due and payable in 45 days. 28 Purchased lens filters for $2,360 plus freight of $109 from Holtz Spectrum, Invoice 5027, dated June 24 ; the terms are 2/10,n/30. 30 Received Credit Memorandum 1108 for $255 from Hi-Qual Case; the amount is an 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 AccountsPayableforJune1,20X1. 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 journal 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? Complete this question by entering your answer in the tabs below. Post the opening balances and transactions into the appropriate ledger accounts. Complete this question by entering your answer in the tabs below. Post the opening balances and transactions into the appropriate ledger accounts. Record transactions in the general journal. Journal entry worksheet Record the first entry required in the general journal. Note: Enter debits before credits. 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. Prepare a three-column purchase journal to record the above transactions for 201. 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. 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. 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 201 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, $13,854Cr. 501 Purchases 502 Freight In 503 Purchases returns and allowances DATE TRANSACTIONS June 1 Purchased instant cameras for $1,940 plus a freight charge of $175 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net. 8 Purchased film for $1,383 from Photo Supplies, Invoice 1102, dated June 3 , net payable in 45 days. 12 Purchased lenses for $905 from Nano Glass, Invoice 7282, dated June 9 ; the terms are 1/10, n/60 18 Received Credit Memorandum 110 for $345 from Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241 , dated May 27. 20 Purchased color film for $1,090 plus freight of $64 from Photo Supplies, Invoice 1148, dated June 15 , net payable in 45 days. 23 Purchased camera cases for $1,945 from Hi-Qual Case, Invoice 3108, dated June 18, net due and payable in 45 days. DATE TRANSACTIONS June 1 Purchased instant cameras for $1,940 plus a freight charge of $175 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 days net. 8 Purchased film for $1,383 from Photo Supplies, Invoice 1102 , dated June 3 , net payable in 45 days. 12 Purchased lenses for $905 from Nano Glass, Invoice 7282 , dated June 9 ; the terms are 1/10, n/60. 18 Received Credit Memorandum 110 for $345 from Pro Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241 , dated May 27. 20 Purchased color film for $1,090 plus freight of $64 from Photo Supplies, Invoice 1148 , dated June 15 , net payable in 45 days. 23 Purchased camera cases for $1,945 from Hi-Qual Case, Invoice 3108 , dated June 18 , net due and payable in 45 days. 28 Purchased lens filters for $2,360 plus freight of $109 from Holtz Spectrum, Invoice 5027, dated June 24 ; the terms are 2/10,n/30. 30 Received Credit Memorandum 1108 for $255 from Hi-Qual Case; the amount is an 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 AccountsPayableforJune1,20X1. 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 journal 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? Complete this question by entering your answer in the tabs below. Post the opening balances and transactions into the appropriate ledger accounts. Complete this question by entering your answer in the tabs below. Post the opening balances and transactions into the appropriate ledger accounts. Record transactions in the general journal. Journal entry worksheet Record the first entry required in the general journal. Note: Enter debits before credits. 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. Prepare a three-column purchase journal to record the above transactions for 201. 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. 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