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The firm purchases its merchandise for cash and on open account. During April, the company engaged in the following transactions: 2 points DATE TRANSACTIONS 20x1
The firm purchases its merchandise for cash and on open account. During April, the company engaged in the following transactions: 2 points DATE TRANSACTIONS 20x1 April 1 Purchased camera accessories on credit from Vision Supplies, Invoice 825, 81,025, terma 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, terma n/30. 11 Purchased DVD ancorders on credit for $4,700 from Optical Products, Invoice 4101, terma n/30. 15 Recorded various purchases of merchandise for cash from April to April 15, $2,300. 26 Purchased lighting equipment on credit from Myers Brothers Camera Bupplies, Invoice 9288, 86, 800, terns a/30; freight of $190 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, Ine., 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 Tssued Cheek 103 to Vision Supplies in payment of the total amount due on Invoice 825 dated April 1. eBook Print References 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
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