E7-5A

journalizing ,recording and posting a cash payments journal

Journalizing,recording and posting a cash payments journal

Questions, Classroom Demo... MP (4)E7-5A. Journalize, record, and post when appropriate the following transactions into the cash payments journal for Art's Clothing Company. Use the same headings as found in the text (page 319). All purchases discounts are 2/10,n/30 Accounts Payable Subsidiary Ledger NameB.FossA.JamesJ.RanchB.SwansonBalance$4001,000900200InvoiceNo.488522562821 Partial General Ledger AccountCashInventoryAccountsPayableAdvertisingExpenseNumber110115210610Balance$3,0002,500 2023 Apr. 2 Issued cheque No. 20 to A. James Company in payment of its March 29 invoice No. 522. 9. Issued cheque No. 21 to Flott Advertising in payment of its advertising bill, $100, no discount. 16 Issued cheque No. 22 to B. Foss in payment of its March 26 invoice No. 488. (A)E7-5A. Journalize, record, and post when appropriate the following transactions into the cash payments journal for Art's Clothing Company. Use the same headings as found in the text (page 319). All purchases discounts are 2/10,n/30 Accounts Payable Subsidiary Ledger Name B. Foss A. James J. Ranch B. Swanson Balance$4001,000900200InvoiceNo.488522562821 Partial General Ledger AccountCashInventoryAccountsPayableAdvertisingExpenseNumber110115210610Balance$3,0002,500 2 Issued cheque No. 20 to A. James Company in payment of its March 29 invoice No. 522. 9 Issued cheque No. 21 to Flott Advertising in payment of its advertising bill, $100, no discount. 16 Issued cheque No. 22 to B. Foss in payment of its March 26 invoice No. 488. Figure 7-6 Cash Payments Journal Recording and Posting