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Problem 8.1A (Static) Recording purchases and cash payments. LO 8-1, 8-3 PLEASE HELP Problem 8.1A (Static) Recording purchases and cash payments. LO 8-1, 8-3 Lens
Problem 8.1A (Static) Recording purchases and cash payments. LO 8-1, 8-3 PLEASE HELP
Problem 8.1A (Static) Recording purchases and cash payments. LO 8-1, 8-3 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 Apri, the company engaged in the following transactions: DATE TRABSACTIONS Apri1 1 Purchased conera accessories on credit fron vision supplies, Involce 825, 51,025 , ternt n/30; freight of $25 prepaid by Visfon supplies and added to the imoice (total anount due, 51,050 ). 3 Purchased lenses on credit for $960 from tens Natlon, Inc, Inyofce 999 , terms n/30. 11 Purchased Dvo cancorders on credit for $4,700 from Optical Products, Involce 4101, terns n/30. 15 Recorded various purchases of merchandise for cash from April 1 to April 15, 32, 39e. 26 Purchased 11ghting equipment on credit fron Hyers brothers Camera Supplies, invaice 9288, 56, 300, terns n/39; freight of 3198 prepaid by Hyers Arothers Canera Supplies and added to the involce (total anount due, 56,990). 27 Issued Check 192 for $560 to Lens Nation, Inc., in portial paynent of involce 99n dated Apri1 3. 30 Recorded varlous purchases of serchandise far cash fron April 16 to Apri1 30, 52,570 . 30. Irrued Check 103 to Viston 5upplles in paysent of the totel amount due on Imolce 025 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 i81 Cash, 512,900 Dr. 209 Accounts Payable Sol Purchases 502. Fretght In Post the entries from the general journal to the appropriate general ledger accounts. What were the total cash payments on account during April? Complete this question by entering your answers in the tabs below. What were the total cash payments on account during April Step by Step Solution
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