Journalizing Cash Payments Transactions Enter the following cash payments transactions in a general journal: Sept. 5 Issued Check No. 318 to Clinton Corp. for merchandise purchased August 28, $5,500, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to Martin Company for merchandise purchased September 2, $7,500, terms 1/10, n/30. A credit memo had been received on September 8 from Martin Company for merchandise returned, $500. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Expert Systems for merchandise purchased August 20, $3,600, terms n/30. 27 Issued Check No. 321 to Dynamic Data for merchandise purchased September 17, $9,000, terms 2/10, n/30. Payment is made within the discount period.

Question

Journalizing Cash Payments Transactions

Enter the following cash payments transactions in a general journal:

Sept. 5 Issued Check No. 318 to Clinton Corp. for merchandise purchased August 28, $5,500, terms 2/10, n/30. Payment is made within the discount period.
12 Issued Check No. 319 to Martin Company for merchandise purchased September 2, $7,500, terms 1/10, n/30. A credit memo had been received on September 8 from Martin Company for merchandise returned, $500. Payment is made within the discount period after deduction for the return dated September 8.
19 Issued Check No. 320 to Expert Systems for merchandise purchased August 20, $3,600, terms n/30.
27 Issued Check No. 321 to Dynamic Data for merchandise purchased September 17, $9,000, terms 2/10, n/30. Payment is made within the discount period.
Page: 16
DOC. POST.
DATE
ACCOUNT TITLE
DEBIT
CREDIT
NO.
REF.
20--
1
Sept. 5
1
4
Check No. 318
4
12
6
6
7
7
Check No. 319
8
9.
19
9.
10
10
11
Check No. 320
11
12 27
12
13
13
14
14
15
Check No. 321
15
00
00
Expand
Transcribed Image Text

Page: 16 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- 1 Sept. 5 1 4 Check No. 318 4 12 6 6 7 7 Check No. 319 8 9. 19 9. 10 10 11 Check No. 320 11 12 27 12 13 13 14 14 15 Check No. 321 15 00 00

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Journal and Ledger Balance

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