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nnettes Photo Shop is a retail store that sells cameras and photography supplies. The company began operations April 1, 20X1. The firm purchases its merchandise
nnettes 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:
DATE | TRANSACTIONS | ||
20X1 | |||
April | 1 | Purchased camera film on credit from Camera & Film Products, Invoice 825, $1,005, terms n/30; freight of $19 prepaid by Camera & Film Products and added to the invoice (total amount due, $1,024). | |
3 | Purchased lenses on credit for $850 from Vision Supplies, Inc., Invoice 998, terms n/30. | ||
11 | Purchased DVD camcorders on credit for $5,500 from Optical Products, Invoice 4101, terms n/30. | ||
15 | Recorded various purchases of merchandise for cash from April 1 to April 15, $2,500. | ||
26 | Purchased lighting equipment on credit from Myers Brothers Camera Supplies, Invoice 9288, $6,300, terms n/30; freight of $226 prepaid by Myers Brothers Camera Supplies and added to the invoice (total amount due, $6,526). | ||
27 | Issued Check 102 for $580 to Vision Supplies, Inc., in partial payment of Invoice 998 dated April 3. | ||
30 | Recorded various purchases of merchandise for cash from April 16 to April 30, $2,970. | ||
30 | Issued Check 103 to Camera & Film Products in payment of the total amount due on Invoice 825 dated April 1. |
Required:
2. Record the transactions in a general journal.
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