CASH PAYMENTS JOURNAL DATE CHQ ACCOUNTS DEBITED NO. PR SUNDRY ACCTS (Dr) ACCT PAYABLE (Dr) INVENTORY INVENTORY CASH (Dr) (Cr) XXX Cash Purchase 44.44 55.55 88.88 7.77 66.66 Purchase Equipment 999.99 1111.11 2222.22 5555.55 6666.66 TW71.77 2) 2,222.22 is posted to ledger at the end of the month. 3) 6,666.66 has a 1) EXAMPLE: 1,111.11 is never posted. the controlling account in the general balance that is posted to Inventory in the general ledger at the end of the month for discounts taken. 4) 7,777.77 is posted at 5) 66.66 should Cash account in the general ledger. to the because the total will be posted to the Cash account in the general ledger at the end of the month. 6) 7.77 is 7) 88.88 is 8) 44.44 is during the month. recorded to the account's payable ledger during the month. during the month, because the total of the during the month, as the total of Inventory column is posted at the end of the month to Inventory in the general ledger. 9) 999.99 is posted to the sundry is never posted. 10) xxx is a unique number for each issued.