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Calculator Journalizing Cash Payments Lakeview Industries uses a cash payments journal. Prepare a cash payments journal using the same format and account titles as illustrated

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Calculator Journalizing Cash Payments Lakeview Industries uses a cash payments journal. Prepare a cash payments journal using the same format and account titles as illustrated in the chapter. Record the following payments for merchandise purchased: Sept. 5 Issued Check No. 318 to Clausen Corp. for merchandise purchased August 28, $4,200, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to McGonigle Co. for merchandise purchased September 2, $9,000, terms 1/10, n/30. A credit memo had previously been received from McGonigle Co. for merchandise returned, $600. Payment is made within the discount period after deduction for the return dated September 8 19 Issued Check No. 320 to Elite Systems for merchandise purchased August 19, $4,500, terms n/30. 27 Issued Check No. 321 to Glenn Falls for merchandise purchased September 17, $6,700, terms 2/10, a/30. Payment is made within the discount period If an amount box does not require an entry, leave it blank or enter "o" for 'General Debit' column also. Page: 1 POST. GENERAL ACCOUNTS PURCHASES PAYABLE DISCOUNTS CASH CREDIT ACCOUNT DEBITED REF. DEBIT CREDIT DEBIT CREDIT DATE CK. No. 1 Sep. 5 2 Sep. 12 3 Sep. 19 4 Sep. 27

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