A cash payments journal is used to record all cash payments (all transactions with a credit to Cash). Column totals, except for 'Other,' are posted to general ledger accounts--the 'Other' columns amounts are directly posted to ledger accounts. Individual amounts in the Accounts Payable column are posted to the accounts payable subsidiary ledger.

Zygote, Inc., regularly makes cash payments to pay creditors on account (taking advantage of discount terms whenever possible). Its other cash payments are non-routine. The company's cash payments journal should include the following columns _____.

multiple choice

• Cash Dr., Inventory Dr., Other Accounts Cr., and Accounts Payable Cr.

• Cash Cr., Inventory Cr., Other Accounts Dr., and Accounts Payable Dr.

• Cash Cr., Inventory Dr., Other Accounts Dr., and Accounts Payable Dr.

• Cash Cr., Inventory Cr., Other Accounts Cr., and Accounts Payable Cr.