Lens Queen is a retail store that sells cameras and photography supplies. The firm's credit purchases returns and allowances transactions for June 20X1 appear below, along with the general ledger accounts used to record these transactions. the balance show in Accounts Payable is for the beginning of June.

general ledger accts

205: Accounts Payable, $14,154 Cr.

501: Purchases

502: Freight In

503: Purchases returns and allowances

Required information The following information applies to the questions displayed below) Lens Queen is a retail store that sells cameras and photography supplies. The firm's credit purchases and purchases returns and allowances transactions for June 20x1 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 LEDER ACCOUNTS 205 Accounts payable, $14,154 Cr. 501 Purchases 502 Freight in 503 Purchases returns and allowances DATE TRANSACTIONS June 1 Purchased digital cameras for $2,000 plus a freight charge of 3205 from American Photo Equipment, Invoice 4241, dated May 27 the terms are 60 days net. Purchased file for $1,309 from Foto Suppliers, Invoice 1102, dated June 3, net payable in 45 days 12 Purchased lenses for 3911 from Gem Lenses, Invoice 7282, dated June 9 the terms are 1/10, 1/60. 18 Received Credit Memorandum 110 for $375 from American Photo Equipment for defective cameras that were returned; they were originally purchased on Invoice 4241, dated May 27. 20. Purchased fin for $1,150 plus Freight of $20 from Foto Suppliers, Involce 1148, dated June 15, net payable in 45 days. 23 Purchased camera cases for $1,951 from Quality Cases, Invoice 3108, dated June 18, net due and payable in 45 days. 28 Purchased lens filters for $2,420 plus freight of $115 from Sublime Stills, Invoice 5027, dated June 24; the terms are 2/10, n/30. 30 Received Credit Memorandum 1108 for $25 from Quality Cases the amount is an allowance for damaged but usable Boods purchased on Invoice 3101, dated June 18. Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for June 1, 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? 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. Ledgers Purchases Journal General Journal Analyze Post the opening balances and transactions into the appropriate ledger accounts. ors Account No. 205 Credit Balance 14,154 Accounts Payable Date Debit June 01. 20X1 June 30, 20X1 Purchases Date June 01, 20X1 Account No. 501 Credit Balance Debit Freight in Date Account No. 502 Credit Balance Purchases Returns and Allowances Date Dobit Account No. 503 Credit Balance Debit Next > Required: 1. Open the general ledger accounts and enter the balance of Accounts Payable for June 1, 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. Ledgers Purchases Journal General Journal 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 Net purchases