Directions:Journalize the July cash payment transactions for Denmar Automotive only do the even dates 02 Determine the totals of the cash payments journal. Enter O if the column total is zero. Next, post each line from the cash payments journal to the accounts payable ledger and the general ledger. Then, post the column totals from the cash payments journal to the general ledgers and fill in the Post. Ref. numbers. ending July 31st. July Transactions: 2 Purchased merchandise on account from Rackley Industries, $2,990.00. P184. 3 Paid cash on account to Helms Supply, $1,285.00, covering P166, less 2% discount. C318. 6 Purchased merchandise on account from Kelsay Parts, $3,580.00. P185. Jul Paid cash to WCKF Radio for advertising. S810.00. C319. 8 Paid cash on account to Kelsay Parts, $3,960.00, covering P167, less 2% discount. C320. 10 Paid cash to Southerm Bell for telephone bil, $231.00. C321. Paid cash on account to Rackley Industries, $2,139.00, covering P162. No cash discount was offered. C322. Purchased merchandise on account from Helms Supply, $1,510.00. P186. Paid cash to Edmondson Supply for store supplies, $330 00. C323. 12 12 13 14 Paid cash to Deanes Electronics for merchandise, $1,412.000. C324. 15 Paid cash on account to Kelsay Parts, $3,580.00, covering P174, less 2% discount. C325. 15 Purchased merchandise on account from Delmar, Inc., $2,540.00. P187. Purchased merchandise for cash from Columbus Industries, $630.00. C326. 18 20 Paid cash on account to Delmar, Inc, $2,300.00, covering P159. No cash discount was offered. Cc327. Paid cash to Regional Electric for the electric bil, $950.00. C328. Paid cash to Williams Stores for store supplies, $151.00. C329. 23 28 29 Purchased merchandise on account from Rackley Industries, $1,065.00. P188. 31 Replenished the $200.00 petty cash fund. Receipts were submitted for the following: office supplies, $51.60; store supplies, S69.50, PAGE and miscellaneous, $27.09. A cash count shows $49.98 in the petty cash box. C330. CASH PAYMENISJOURNAL GENERAL ACCOUNTS PURCHASES DATE ACCOUNT TITLE CK. NO. POST. REF. CASH CREDIT DEBIT CREDIT PAYABLE DISCOUNT 1 2-Jul 4 7
Directions:Journalize the July cash payment transactions for Denmar Automotive only do the even dates 02 Determine the totals of the cash payments journal. Enter O if the column total is zero. Next, post each line from the cash payments journal to the accounts payable ledger and the general ledger. Then, post the column totals from the cash payments journal to the general ledgers and fill in the Post. Ref. numbers. ending July 31st. July Transactions: 2 Purchased merchandise on account from Rackley Industries, $2,990.00. P184. 3 Paid cash on account to Helms Supply, $1,285.00, covering P166, less 2% discount. C318. 6 Purchased merchandise on account from Kelsay Parts, $3,580.00. P185. Jul Paid cash to WCKF Radio for advertising. S810.00. C319. 8 Paid cash on account to Kelsay Parts, $3,960.00, covering P167, less 2% discount. C320. 10 Paid cash to Southerm Bell for telephone bil, $231.00. C321. Paid cash on account to Rackley Industries, $2,139.00, covering P162. No cash discount was offered. C322. Purchased merchandise on account from Helms Supply, $1,510.00. P186. Paid cash to Edmondson Supply for store supplies, $330 00. C323. 12 12 13 14 Paid cash to Deanes Electronics for merchandise, $1,412.000. C324. 15 Paid cash on account to Kelsay Parts, $3,580.00, covering P174, less 2% discount. C325. 15 Purchased merchandise on account from Delmar, Inc., $2,540.00. P187. Purchased merchandise for cash from Columbus Industries, $630.00. C326. 18 20 Paid cash on account to Delmar, Inc, $2,300.00, covering P159. No cash discount was offered. Cc327. Paid cash to Regional Electric for the electric bil, $950.00. C328. Paid cash to Williams Stores for store supplies, $151.00. C329. 23 28 29 Purchased merchandise on account from Rackley Industries, $1,065.00. P188. 31 Replenished the $200.00 petty cash fund. Receipts were submitted for the following: office supplies, $51.60; store supplies, S69.50, PAGE and miscellaneous, $27.09. A cash count shows $49.98 in the petty cash box. C330. CASH PAYMENISJOURNAL GENERAL ACCOUNTS PURCHASES DATE ACCOUNT TITLE CK. NO. POST. REF. CASH CREDIT DEBIT CREDIT PAYABLE DISCOUNT 1 2-Jul 4 7
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Accounting Q
Transcribed Image Text:Directions: Journalize the July cash payment transactions for Denmar Automotive only do the even dates 02 06 08 10 12 12 14 18 20 28
Determine the totals of the cash payments journal. Enter O if the column total is zero. Next, post each line from the cash payments journal to the accounts
payable ledger and the general ledger. Then, post the column totals from the cash payments journal to the general ledgers and fill in the Post. Ref. numbers.
ending July 31st.
July Transactions:
Jul.
2
Purchased merchandise on account from Rackley Industries, $2,990.00. P184.
3
Paid cash on account to Helms Supply, $1,285.00, covering P166, less 2% discount. C318.
6
Purchased merchandise on account from Kelsay Parts, $3,580.00. P185.
7
Paid cash to WCKF Radio for advertising, S810.00. C319.
8
Paid cash on account to Kelsay Parts, $3,960.00, covering P167, less 2% discount. C320.
10
Paid cash to Southen Bell for telephone bill, $231.00. C321.
12
Paid cash on account to Rackley Industries, $2,139.00, covering P162. No cash discount was offered. C322.
12
Purchased merchandise on account from Helms Supply, $1,510.00. P186.
Paid cash to Edmondson Supply for store supplies, $330.00. C323.
13
14
Paid cash to Deanes Electronics for merchandise, $1,412.000. C324.
15
Paid cash on account to Kelsay Parts, $3,580.00, covering P174, less 2% discount. C325.
15
Purchased merchandise on account from Delmar, Inc., $2,540.00. P187.
18
Purchased merchandise for cash from Columbus Industries, S630.00. C326.
20
Paid cash on account to Delmar, Inc., $2,300.00, covering P159. No cash discount was offered. C327.
Paid cash to Regional Electric for the electric bill, $950.00. C328.
23
Paid cash to Williams Stores for store supplies, $151.00. C329.
Purchased merchandise on account from Rackley Industries, $1,065.00. P188.
28
29
31
Replenished the $200.00 petty cash fund. Receipts were submitted for the following: office supplies, $51.60; store supplies, S69.50;
PAGE 7
and miscellaneous, $27.09. A cash count shows $49.98 in the petty cash box. C330.
CASH PAYMENTSJOURNAL
GENERAL
ACCOUNTS
PURCHASES
DATE
ACCOUNT TITLE
СК. NO.
POST. REF.
CASH CREDIT
DEBIT
CREDIT
PAYABLE
DISCOUNT
1
2-Jul
2.
2
4
7
4
5
8
5
6
10
6
12
7
8
12
8
13
10
14
10
11
15
11
12
15
12
13
18
13
14
20
14
15
23
15
16
28
16
17
29
17
18
31
18
CHART OF ACCOUNTS
Denmar Automotive
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