26 purchase of Made a semi-annual intel payable. The entire payment was for interest. (Assume none 8t the interest had been accrued previously.) 28 Required 1. Prepare a cash payments journal similar to the one illustrated in this chapter. Omit the 2. Record the transactions in the cash payments journal. Which transaction should not be Require and ther dates. A actions payee column, ecorded 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 Exerc equal the total credits. The fol Exercise 7-14 Better Mousetrap Consulting makes most of its sales and purchases on account. It uses the five journals described in this chapter (sales, cash receipts, purchases, cash payments, and general journal). Identify the journal most likely used to record the postings for the transac- tions indicated by numbers in the following T-accounts. identitying transactions from postings to the -accounts Cash Prepaid Supplies 1. 5,000 400 2. 1,000 600 3 Accounts Receivable Accounts Payable 4. 10,000 5,000 5 6. 400 2,000 7. 200 12 Inventory Service Revenue 8. 2,000 10,000 Supplies Expense Delivery Expense 10. 600 11. 200 Special journals perpetual Exercise 7-15 sells garden and pati "d the following transactions n shown in Exhibit 7A-1 or