Problem 8 1A Recording purchases and cash payments LO 8 1, 8 3 Annettes Photo Shop is a retail store that sells cameras and photography supplies Annettes Photo Shop began operations April 1, 2019 and uses the periodic system The firm purchases its merchandise for cash and on open account During April, Annettes Photo Shop engaged in the following transactions DATE TRANSACTIONS 2019 April 1 Purchased camera film on credit from Camera Film Products, Invoice 825, $1,055, terms n 30 freight of $29 prepaid by Camera Film Products and added to the invoice (total amount due, $1,084) 3 Purchased lenses on credit for $770 from Vision Supplies, Inc , Invoice 998, terms n 30 11 Purchased DVD camcorders on credit for $3,900 from Optical Products, Invoice 4101, terms n 30 15 Recorded various purchases of merchandise for cash from April 1 to April 15, $1,700 26 Purchased lighting equipment on credit from Myers Brothers Camera Supplies, Invoice 9288, $4,700, terms n 30 freight of $236 prepaid by Myers Brothers Camera Supplies and added to the invoice (total amount due, $4,936) 27 Issued Check 102 for $500 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, $2,170 30 Issued Check 103 to Camera Film Products in payment of the total amount due on Invoice 825 dated April 1 Required Record the transactions in a general journal Post the entries from the general journal to the appropriate general ledger accounts GENERAL LEDGER ACCOUNTS 101 Cash, $10,100 Dr 205 Accounts Payable 501 Purchases 502 Freight In Analyze What were the total cash payments on account during April Journal entry worksheet 2 3 4 5 6 7 8 Purchased camera film on credit from Camera Film Products, Invoice 825, $1,055, terms n 30 freight of $29 prepaid by Camera Film Products and added to the invoice (total amount due, $1,084) Note Enter debits before credits GENERAL JOURNAL Debit CREDIT DATE April 01, 2019 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below General Journal General Ledgers Analyze Open the general ledger accounts indicated below Enter the balance of cash as of April 1, 2019 Cash Account No 101 Credit Balance Accounts Payable Date Debit Account No 205 Credit Balance Debit April 1, 2019 Purchases Date Account No 501 Credit Balance Freight In Debit Account No 502 Credit Balance Debit Date

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Problem 8.1A Recording purchases and cash payments. LO 8-1, 8-3 Annettes Photo Shop is a retail store that sells cameras and photography supplies. Annettes Photo

Problem 8.1A Recording purchases and cash payments. LO 8-1, 8-3

Annettes Photo Shop is a retail store that sells cameras and photography supplies. Annettes Photo Shop began operations April 1, 2019 and uses the periodic system. The firm purchases its merchandise for cash and on open account. During April, Annettes Photo Shop engaged in the following transactions:

DATE		TRANSACTIONS
2019
April	1	Purchased camera film on credit from Camera & Film Products, Invoice 825, $1,055, terms n/30; freight of $29 prepaid by Camera & Film Products and added to the invoice (total amount due, $1,084).
	3	Purchased lenses on credit for $770 from Vision Supplies, Inc., Invoice 998, terms n/30.
	11	Purchased DVD camcorders on credit for $3,900 from Optical Products, Invoice 4101, terms n/30.
	15	Recorded various purchases of merchandise for cash from April 1 to April 15, $1,700.
	26	Purchased lighting equipment on credit from Myers Brothers Camera Supplies, Invoice 9288, $4,700, terms n/30; freight of $236 prepaid by Myers Brothers Camera Supplies and added to the invoice (total amount due, $4,936).
	27	Issued Check 102 for $500 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, $2,170.
	30	Issued Check 103 to Camera & Film Products in payment of the total amount due on Invoice 825 dated April 1.

Required:

Record the transactions in a general journal.
Post the entries from the general journal to the appropriate general ledger accounts.

GENERAL LEDGER ACCOUNTS


101	Cash, $10,100 Dr.
205	Accounts Payable
501	Purchases
502	Freight In

Analyze: What were the total cash payments on account during April?

image text in transcribed

Journal entry worksheet 2 3 4 5 6 7 8 Purchased camera film on credit from Camera & Film Products, Invoice 825, $1,055, terms n/30; freight of $29 prepaid by Camera & Film Products and added to the invoice (total amount due, $1,084). Note: Enter debits before credits. GENERAL JOURNAL Debit CREDIT DATE April 01, 2019 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. General Journal General Ledgers Analyze Open the general ledger accounts indicated below. Enter the balance of cash as of April 1, 2019. Cash Account No: 101 Credit Balance Accounts Payable Date Debit Account No: 205 Credit Balance Debit April 1, 2019 Purchases Date Account No: 501 Credit Balance Freight In Debit Account No: 502 Credit Balance Debit Date