Use the following cash payments journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero.) A (Click the icon to view the transactions.) Cash Payments Journal Page 8 Ck. Post. Other Accounts Merchandise Date No. Account Debited Ref. Accounts DR Payable DR Inventory CR Cash CR 2024 Jan. More Info Jan. 5 Issued check no. 430 to purchase equipment for cash, $1,500. Jan. 7 Purchased merchandise inventory for cash, $400, issuing check no. 431. Jan. 18 Paid Knell Co. amount owed, $975, less $80 discount. Issued check no. 432. Jan. 28 Issued check no. 433 to pay utilities, $220. The bill was just received, and there is no liability recorded. Print Done

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Use the following cash payments journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero.)
A (Click the icon to view the transactions.)
Cash Payments Journal
Page 8
Ck.
Post.
Other
Accounts
Merchandise
Date
No.
Account Debited
Ref.
Accounts DR
Payable DR
Inventory CR
Cash CR
2024
Jan.
More Info
Jan. 5
Issued check no. 430 to purchase equipment for cash, $1,500.
Jan. 7
Purchased merchandise inventory for cash, $400, issuing check no. 431.
Jan. 18
Paid Knell Co. amount owed, $975, less $80 discount. Issued check no. 432.
Jan. 28
Issued check no. 433 to pay utilities, $220. The bill was just received, and there is
no liability recorded.
Print
Done
Transcribed Image Text:Use the following cash payments journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero.) A (Click the icon to view the transactions.) Cash Payments Journal Page 8 Ck. Post. Other Accounts Merchandise Date No. Account Debited Ref. Accounts DR Payable DR Inventory CR Cash CR 2024 Jan. More Info Jan. 5 Issued check no. 430 to purchase equipment for cash, $1,500. Jan. 7 Purchased merchandise inventory for cash, $400, issuing check no. 431. Jan. 18 Paid Knell Co. amount owed, $975, less $80 discount. Issued check no. 432. Jan. 28 Issued check no. 433 to pay utilities, $220. The bill was just received, and there is no liability recorded. Print Done
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