d CASH PAYMENTS JOURNAL Accounts Other Accounts Debit Payable Debit Account Name Petty cash Amount $ 370 Purchases Discounts Credit Cash Credit

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.4C
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On January 2, The Concord Legal Clinic issued Check 2108 for $370 to establish a petty cash fund. Indicate how this transaction would be recorded in a cash payments journal. Look at photo for reference. 

 

d
CASH PAYMENTS JOURNAL
Accounts
Other Accounts Debit
Payable Debit Account Name
Petty cash
Amount
$
370
Purchases
Discounts Credit
Cash Credit
Transcribed Image Text:d CASH PAYMENTS JOURNAL Accounts Other Accounts Debit Payable Debit Account Name Petty cash Amount $ 370 Purchases Discounts Credit Cash Credit
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