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 ACCOUNT 205 Accounts payable, $13,484Cr. 501 Purchases Se2 Freight In 503 Purchases returns and allowances DATE TRANSACIIONS June 1 Purchased instant cameras for \$1,850 plus a freight charge of \$130 from Pro Photo Equipment, Imvoice 4241, dated May 27; the terms are 68 days net. 8 Purchased film for $1,374 from Photo Supplies, Involce 1102, dated June 3 , net payable in 45 days. 12 Purchased lenses for $896 from Nano Glass, Invoice 7282, dated June 9; the terms are 1/10, n/60. 18 Received credit Menorandum 110 for $300 from Pro Photo Equipent for defectlve cameras that were returned; they were originally purchased on Involce 4241, dated Moy 27. 20 Purchased color fi1n for $1,000 plus freight of $55 fron photo supplies, Invoice 1148, dated June 15, net payable in 45 days. 23 Purchased canera cases for \$1,936 from H1-Qual Case, Involce 31e8, dated June 18, net due and payable in 45 days. 28 Purchased lens filters for $2,270 plus frelght of $100 from Holtz spectrum, Invoice 5927, dated June 24; the terms are 2/10,n/36. 30 Aeceived Credit Memorandun 1100 for $21e from Mi-Qual Casel the snount is an allowance for damaged but usable goods purchased on Involce 3108 , dated June 18. Required: 1. Set up an accounts payable subsidiary ledger for Digital World. Enter the balances as of June 1, 201 for each of the creditors 2. Post the opening balances and transactions from the purchases journal and the general journal. 3. Prepare a schedule of accounts payable for June 30 . 4. Check the total of the schedule of accounts payable against the balance of the Accounts Payable account in the general ledger The two amounts should be equal. Analyze: What amount is owed to Nano Glass on June 30 ? Record the transactions in a three-column purchases journal for June, 201. Record the first entry required in the general journal. Note: Enter debits before credits. Journal entry worksheet Record the second entry required in the general journal. Note: Enter debits before credits. Prepare a schedule of accounts payable for June 30. What amount is owed to Nano Glass on June 30