Ann s Photo Shop is a retail store that sells cameras #6109

Ann's Photo Shop is a retail store that sells cameras and photography supplies. Ann's Photo
Shop began operations April 1,2013. The firm purchases its merchandise for cash and on open
account. During April, Ann's Photo Shop engaged in the following transactions:DATE
TRANSACTIONS2013April 1 Purchased camera film on credit from Camera & Film Products,
Invoice 825, $965, terms n/30; freight of $11 prepaid by Camera & Film Products and added to
the invoice (total amount due, $976).3 Purchased lenses on credit for $810 from Vision
Supplies, Inc., Invoice 998, terms n/30.11 Purchased DVD camcorders or credit for $4,700 from
Optical Products, Invoice 4101, terms n/30.15 Recorded various purchases of merchandise for
cash from April 1 to April 15, $2,100.26 Purchased lighting equipment on credit from Myers
Brothers Camera Supplies, Invoice 9288, $5,500, terms n/30; freight of $218 prepaid by Myers
Brothers Camera Supplies and added to the invoice (total amount due, $5,718).27 Issued
Check 102 for $540 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, $2,570.30
Issued Check 103 to Camera S. Film Products in payment of the total amount due on Invoice
825 dated April 1.INSTRUCTIONS1. Open the general ledger accounts indicated below. Enter
the balance of cash as of April 1, 2013.2. Record the transactions in a general journal. Use 1 as
the journal page number.3. Post the entries from the general journal to the appropriate general
ledger accounts.GENERAL LEDGER ACCOUNTS101 Cash, $10,900 Dr.205 Accounts
Payable501 Purchases502 Freight InAnalyze:What were the total cash payments on account
during April?View Solution:
Ann s Photo Shop is a retail store that sells cameras

ANSWER
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