Cash Payments Journal Sam Santiago operates a retail variety store. The books include a cash payments journal and an accounts payable ledger. All cash payments (except petty cash) are entered in the cash payments journal. Selected account balances on May 1 are as follows: General Ledger Cash $42,960 Accounts Payable 20,800 Accounts Payable Ledger Fantastic Toys $4,800 Goya Outlet 4,500 Mueller's Distributors Van Kooning 3,900 7,600 The following are the transactions related to cash payments for the month of May: May 1 Issued Check No. 426 in payment of May rent (Rent Expense), $2,030. 3 Issued Check No. 427 to Mueller's Distributors in payment of merchandise purchased on account, $3,900, less a 3% discount. Check was written for $3,783. 7 Issued Check No. 428 to Van Kooning in partial payment of merchandise purchased on account, $5,000. A cash discount was not allowed. 12 Issued Check No. 429 to Fantastic Toys for merchandise purchased on account, $4,800, less a 1% discount. Check was written for $4,752. 15 Issued Check No. 430 to City Power and Light (Utilities Expense), $1,640. 18 Issued Check No. 431 to A-1 Warehouse for a cash purchase of merchandise, $4,970. 26 Issued Check No. 432 to Goya Outlet for merchandise purchased on account, $4,500, less a 2% discount. Check was written for $4,410. 30 Issued Check No. 433 to Mercury Transit Company for freight charges on merchandise purchased (Freight-In), $1,150. 31 Issued Check No. 434 to Town Merchants for a cash purchase of merchandise, $2,910. Required: 1. Enter the transactions in a cash payments journal. If an amount box does not require an entry, leave it blank. Cash Payments Journal Page 6 Date Ck. No. Account Debited Post. Ref. General Debit Debit Accounts Payable Purchases Debit Purchases Discounts Credit Cash Credit May 1 426 Rent Expense 521 May 3 427 Mueller's Distributors May 7 May 12 May 15 430 428 Van Kooning 429 Fantastic Toys Utilities Expenses 533 May 18 431 May 26 432 Goya Outlet May 30 May 31 433 Freight-In 502 434 Total, rule, and prove the cash payments journal. Debit total: Credit total: (V) (202) (501) (501.2) (101)