Lens Queen Photo Shop is a retail store that sells cameras and photography supplies. The company began operations April 1, 20X1. The firm purchases its merchandise for cash and on open account. During April, the company engaged in the following transactions:
The firm purchases its merchandise for cash and on open account. During April, the company engaged in the following transactions: DATE TRANSACTIONS 20x1 April 1 Purchased camera accessories on credit from Vision Supplies, Invoice 825, $1,025, terms n/30; freight of $25 prepaid by Vision supplies and added to the invoice (total amount due, $1,050). 3 Purchased lenses on credit for $960 from Lens Nation, Inc., Invoice 998, terms n/30. 11 Purchased DVD camcorders on credit for $4,700 from Optical Products, Invoice 4101, terms n/30. 15 Recorded various purchases of merchandise for cash from April 1 to April 15, $2,300. 26 Purchased lighting equipment on credit from Myers Brothers Camera Supplies, Invoice 9288, $6,800, terms n/30; freight of $198 prepaid by Myers Brothers Camera Supplies and added to the invoice (total amount due, $6,998). 27 Issued Check 102 for $560 to Lens Nation, Inc., in partial payment of Invoice 998 dated April 3. 30 Recorded various purchases of merchandise for cash from April 16 to April 30, $2,570. 30 Issued Check 103 to Vision Supplies in payment of the total amount due on Invoice 825 dated April 1. Required: 2. Record the transactions in a general journal. 3. Post the entries from the general journal to the appropriate general ledger accounts. GENERAL LEDGER ACCOUNTS 101 Cash, $12,900 Dr. 205 Accounts Payable 501 Purchases 502 Freight In Analyze: What were the total cash payments on account during April? Complete this question by entering your answers in the tabs below. General Journal General Ledger Analyze Record the transactions in a general journal. View transaction list Journal entry worksheet Purchased camera accessories on credit from Vision Supplies, Invoice 825, $1,025, terms n/30; freight of $25 prepaid by Vision Supplies and added to the invoice (total amount due, $1,050). Note: Enter debits before credits Date General Journal Debit Credit April 01, 20X1 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. General Journal General Ledger Analyze Post the entries from the general journal to the appropriate general ledger accounts. Cash Account No: 101 Accounts Payable Date Debit Credit Balance Date Debit April 1, 20X1 Account No: 205 Credit Balance Freight in Purchases Date Account No: 501 Credit Balance Account No: 502 Credit Balance Debit Date Debit Complete this question by entering your answers in the tabs below. General Journal General Ledger Analyze What were the total cash payments on account during April? Total cash payments
