Record the following transactions for the month of April 2019 in the cash payments journal. Total,...
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Record the following transactions for the month of April 2019 in the cash payments journal. Total, prove, and rule the cash payments journal as of April 30. April 1 Issued Check 102 for $800 to pay the monthly rent. 4 Issued Check 103 for $125 to establish a petty cash fund. Issued Check 104 for $350 to remit sales tax to the state tax commission. 8 Issued Check 105 for $594 to the Fortune Company, a creditor, in payment of Invoice 784 of March 29 ($600) less a cash discount ($6). 12 Issued Check 106 for $150 to make a cash purchase of supplies. 15 Issued Check 107 for $95 to pay the monthly telephone bill. 20 Issued Check 108 for $918 to the Craft Corporation in payment of a $900 promissory note and interest of $18. 22 Issued Check 109 for $196 to the Ewing Corporation, a creditor, in payment of Invoice 513 of March 20 ($200) less a cash discount ($4). 25 Issued Check 110 for $2,000 to Martin Sachs, the owner, as a withdrawal for personal use. 30 Issued Check 111 for $90 to replenish the petty cash fund. An analysis of payments from the fund showed the following totals: Supplies, $25; Delivery Expense, $45; Miscellaneous Expense, $20. CASH PAYMENTS JOURNAL Other Accounts Debit Accounts Purchases Discount Credit Cash Date CK. No. Description Payable Debit Account Name Amount Credit April 1, 2019 April 4, 2019 April 5, 2019 April 8, 2019 April 12, 2019 April 15, 2019 April 20, 2019 April 22, 2019 April 25, 2019 April 30, 2019 April 30, 2019 Totals Record the following transactions for the month of April 2019 in the cash payments journal. Total, prove, and rule the cash payments journal as of April 30. April 1 Issued Check 102 for $800 to pay the monthly rent. 4 Issued Check 103 for $125 to establish a petty cash fund. Issued Check 104 for $350 to remit sales tax to the state tax commission. 8 Issued Check 105 for $594 to the Fortune Company, a creditor, in payment of Invoice 784 of March 29 ($600) less a cash discount ($6). 12 Issued Check 106 for $150 to make a cash purchase of supplies. 15 Issued Check 107 for $95 to pay the monthly telephone bill. 20 Issued Check 108 for $918 to the Craft Corporation in payment of a $900 promissory note and interest of $18. 22 Issued Check 109 for $196 to the Ewing Corporation, a creditor, in payment of Invoice 513 of March 20 ($200) less a cash discount ($4). 25 Issued Check 110 for $2,000 to Martin Sachs, the owner, as a withdrawal for personal use. 30 Issued Check 111 for $90 to replenish the petty cash fund. An analysis of payments from the fund showed the following totals: Supplies, $25; Delivery Expense, $45; Miscellaneous Expense, $20. CASH PAYMENTS JOURNAL Other Accounts Debit Accounts Purchases Discount Credit Cash Date CK. No. Description Payable Debit Account Name Amount Credit April 1, 2019 April 4, 2019 April 5, 2019 April 8, 2019 April 12, 2019 April 15, 2019 April 20, 2019 April 22, 2019 April 25, 2019 April 30, 2019 April 30, 2019 Totals
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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