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Required information [The following information applies to the questions displayed below.] Digital Worid is a retail store that sells cameras and photography supplies. The firm's

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Required information [The following information applies to the questions displayed below.] Digital Worid 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 LEDGER ACCOUNTS 205 Accounts payable, $14,104cr. 501 Purchases 502 Freight In 503 Purchases returns and allowances DATE THANSACTIONS June 1 Purchased instant caneras for $1,990 plus a freight charge of $200 from Pro Photo Equipant, Involce 4241 , dated May 27; the terms are 60 days net. 8 Purchased filin for $1,388 from Photo Supplies, Invoice 1102, dated June 3, net payable in 45 days, 12 Purchased lenses for $910 from Kano Glass, Invoice 7282 , dated June 9; the terms are 1/10, n/60. 18 Received Credit Mosorandun 110 for $370 fron Pro Photo Equipent for defective caneras that were returned; they were originally purchased on Involce 4241 , dated May 27 . 20 Purchased color film for $1,140 plus freight of $69 from Photo Supplies, Involce 1148, dated June 15, net payable in 45 days. 23 Purchased canera cases for \$1,950 fron H1-Qual Case, Involce 3108, dated June 18, net due and payable in 45 days. 28 Purchased lens filters for $2,410 plus frelght of $114 from Holtz spectrum, Involce 5e27, dated June 24; the terns are. 2/10,n/30. 30 Received Credit Menorandun 1108 for $280 from H1-Qual Case; the amount is an allowance for damaged but usable goods purchased on Invoice 3108 , dated June 18. Required: 1. Set up an accounts payable subsidiary ledger for Digital World. Enter the balances as of June 1 , 201 for each of the creditors. 2. Post the opening balances and transactions from the purchases journal and the general journal. 3. Prepare a schedule of accounts payable for June 30 . 4. Check the total of the schedule of accounts payable against the balance of the Accounts Payable account in the general ledger. The two amounts should be equal. ost the opening balances and transactions from the purchases journal and the generai journal. Record the transactions in a three-column purchases journal for June, 201. Journal entry worksheet Record the first entry required in the general journal. Note: Enter debits before credits. Journal entry worksheet Record the second entry required in the general journal. Note: Enter debits before credits. Prepare a schedule of accounts payable for June 30. What amount is owed to Nano Glass on June 30

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