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Derek Dempsey owns a retail furniture store. The books include a cash payments journal and an accounts payable ledger. All cash payments ( except petty

Derek Dempsey owns a retail furniture 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 as of July 1 are as follows:
General Ledger Accounts Payable Ledger
Cash $38,000 Middle Town Co. $2,800
Accounts Payable 18,000 Montauk Unlimited 1,800
Rolling Hills & Co.10,200
Sunrise Inc. 3,200
The following are transactions related to cash payments during the month of July:
July 1 Issued Check No.536 in payment of July rent (Rent Expense), $2,500.
2 Issued Check No.537 to Montauk Unlimited in payment of merchandise purchased on account $1,800, less a 2% cash discount. Check was written for $1,764.
7 Issued Check No.538 to Rolling Hills & Co. in partial payment for merchandise purchased on account, $4,200. A cash discount was not allowed.
11 Issued Check No.539 to Middle Town Co. for merchandise purchased on account $2,800, less a 1% discount. Check was written for $2,772.
14 Issued Check No.540 to City Power and Light (Utilities Expense), $1,230.
18 Issued Check No.541 to Oak Warehouse for a cash purchase of merchandise, $4,260.
23 Issued Check No.542 to Sunrise Inc. for merchandise purchased on account, $3,200, less a 3% cash discount. Check was written for $3,104.
31 Issued Check No.543 to Central Freight Lines for freight charges on merchandise purchased (Freight-In), $920.

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