During February, Dean Products had the following transactions:

Feb. 3 Paid $490 on account to Marquis Corp. net of a $10 discount for an earlier purchase of inventory.

6 Purchased inventory for cash, $3,800.

11 Paid $300 cash for supplies.

15 Purchased inventory on account from Monroe Corporation, $1,548.

16 Paid $24,100 on account to LaGrange Ltd.; there was no discount.

21 Purchased furniture for cash, $2,800.

26 Paid $3,900 on account to Graff Software Ltd. for an earlier $4,000 purchase of inventory. The purchase discount was $100.

28 Made a semi-annual interest payment of $2,400 on a long-term note payable. The entire payment was for interest. (Assume none of the interest had been accrued previously.)

Required

1. Prepare a cash payments journal similar to the one illustrated in this chapter. Omit the payee column.

2. Record the transactions in the cash payments journal. Which transaction should not be recorded in the cash payments journal? In what journal does it belong?

3. Total the amount columns of the cash payments journal. Determine that the total debits equal the total credits.