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following transactions took place during August of the current year. Please complete the Cash Payments Journal. I credits should be equal to total debits. Transactions: 1 Issued check #55 to Proper Promotions for $1,750.00 for August advertising. 7 Paid $286.00 to Progress Energy for the electric bill, check #56. 11 Paid $1,500.00 cash for merchandise, check #57. 18 Issued check #58 to The Gem Mine for $1,078.00 for merchandise bought on account on August 10th. Terms were 2/15, n/30. Original merchandise cost was $1,100.00. Took advantage of the 2% discount. 20 Paid $64.50 for office supplies, check #59 24 Paid Office Depot $175.00 for a filing cabinet purchased on account, check #60 31 Issued check #61 to The Gem Mine for $4,900.00 for payment on account of $5,000.00 taking advantage of a 2% discount. Cash Payments Journal Doc. Post Accounts Payable Purchases Discount General Debit Cash Credit No. Ref. Account Title Debit Credit

following transactions took place during August of the current year. Please complete the Cash Payments Journal. I credits should be equal to total debits. Transactions: 1 Issued check #55 to Proper Promotions for $1,750.00 for August advertising. 7 Paid $286.00 to Progress Energy for the electric bill, check #56. 11 Paid $1,500.00 cash for merchandise, check #57. 18 Issued check #58 to The Gem Mine for $1,078.00 for merchandise bought on account on August 10th. Terms were 2/15, n/30. Original merchandise cost was $1,100.00. Took advantage of the 2% discount. 20 Paid $64.50 for office supplies, check #59 24 Paid Office Depot $175.00 for a filing cabinet purchased on account, check #60 31 Issued check #61 to The Gem Mine for $4,900.00 for payment on account of $5,000.00 taking advantage of a 2% discount. Cash Payments Journal Doc. Post Accounts Payable Purchases Discount General Debit Cash Credit No. Ref. Account Title Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Fill in the cash payments journal using the transactions below also.
Module Seven Lesson Two Assignment D G J following transactions took place during August of the current year. Please complete the Cash Payments Journal. I credits should be equal to total debits. Transactions: 1 Issued check #55 to Proper Promotions for $1,750.00 for August advertising. 7 Paid $286.00 to Progress Energy for the electric bill, check #56. 11 Paid $1,500.00 cash for merchandise, check #57. 18 Issued check #58 to The Gem Mine for $1,078.00 for merchandise bought on account on August 10th. Terms were 2/15, n/30. Original merchandise cost was $1,100.00. Took advantage of the 2% discount. 20 Paid $64.50 for office supplies, check #59 24 Paid Office Depot $175.00 for a filing cabinet purchased on account, check #60 31 Issued check #61 to The Gem Mine for $4,900.00 for payment on account of $5,000.00 taking advantage of a 2% discount. Cash Payments Journal Doc. Post Accounts Payable Purchases Discount General Debit Cash Credit No. Ref. Account Title Debit Credit oll
Transcribed Image Text:Module Seven Lesson Two Assignment D G J following transactions took place during August of the current year. Please complete the Cash Payments Journal. I credits should be equal to total debits. Transactions: 1 Issued check #55 to Proper Promotions for $1,750.00 for August advertising. 7 Paid $286.00 to Progress Energy for the electric bill, check #56. 11 Paid $1,500.00 cash for merchandise, check #57. 18 Issued check #58 to The Gem Mine for $1,078.00 for merchandise bought on account on August 10th. Terms were 2/15, n/30. Original merchandise cost was $1,100.00. Took advantage of the 2% discount. 20 Paid $64.50 for office supplies, check #59 24 Paid Office Depot $175.00 for a filing cabinet purchased on account, check #60 31 Issued check #61 to The Gem Mine for $4,900.00 for payment on account of $5,000.00 taking advantage of a 2% discount. Cash Payments Journal Doc. Post Accounts Payable Purchases Discount General Debit Cash Credit No. Ref. Account Title Debit Credit oll
Cash Payments Journal Accounts Payable Purchases Discount Doc. Post General Debit Cash Credit Debit Credit Date No. Ref. Account Title Total Debits Total Credits 49 50 51
Transcribed Image Text:Cash Payments Journal Accounts Payable Purchases Discount Doc. Post General Debit Cash Credit Debit Credit Date No. Ref. Account Title Total Debits Total Credits 49 50 51
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