5.4 LO4 Write up a cash payments journal and indicate the postings you would make to the ledger accounts, for the following transactions.

March 1 Payments to creditors—A. Knott $190 in satisfaction of a debt of $200

—B. Stone $550 in satisfaction of a debt of $575

—C. Bird $245 in satisfaction of a debt of $255 March 3 Paid rent of $900 March 4 Paid wages of $1,250 March 5 Paid miscellaneous expenses $400 March 8 Paid electricity $500 March 11 Paid wages $1,250 March 13 Paid fuel $150 March 15 Payments to creditors—D. Liver $175 in satisfaction of a debt of $185

—B. Stone $500 in satisfaction of a debt of $525 March 18 Paid wages $1,350 March 25 Paid wages $1,300 March 27 Paid fuel $200