Problem 8.2A Posting to the accounts payable ledger and preparing a schedule of accounts payable. LO 8-4, 8-6 Digital World is a retail store that sells cameras and photography supplies. The firm's credit purchases and purchases returns and allowances transactions for June 2019 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, $14,254 Cr 501 Purchases 502 Freight In 503 Purchases Returns and Allowances DATE TRANSACTIONS June 1 Purchased instant cameras for $2,020 plus a freight charge of $215 from Pro Photo Equipment, Invoice 4241, dated May 27; the terms are 60 8 Purchased film for $1,391 from Photo Supplies, Invoice 1102, dated 12 Purchased lenses for $913 from Nano Glass, Invoice 7282, dated June 9 18 Received Credit Memorandum 110 for $385 from Pro Photo Equipment for days net June 3, net payable in 45 days the terms are 1/10, n 60 defective cameras that were returned; they were originally purchased 20 Purchased color film for $1,170 plus freight of $72 from Photo 23 Purchased camera cases for $1,953 from Hi-Qual Case, Invoice 3108, 28 Purchased lens filters for $2,440 plus freight of $117 from Holtz 30 Received Credit Memorandum 1108 for $295 from Hi-Qual Case; the amount on Invoice 4241, dated May 27 Supplies, Invoice 1148, dated June 15, net payable in 45 days. dated June 18, net due and payable in 45 days. Spectrum, Invoice 5027, dated June 24; the terms are 2/10, n/30 is an allowance for damaged but usable goods purchased on Invoice 3108, dated June 18 Creditors Terms Photo Supplies Hi-Qual Case Pro Photo Equipment n/60 Nano Glass Holtz Spectrum n/45 n/45 10,550 1,270 2,434 1/10, n/60 2/10, n/30 Required 1. Set up an accounts payable subsidiary ledger for Digital World. Open an account for each of the creditors listed below and enter the balances as of June 1, 2019. Arrange the accounts payable ledger in alphabetical order. 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