Jan. 5 Issued check no. 430 to purchase equipment for cash, $1,700. 7 Purchased merchandise inventory for cash, $450, issuing check no. 431. 18 Paid Kat Co. amount owed, $775, less $100 discount. Issued check no. 432. 28 Issued check no. 433 to pay utilities, $260. The bill was just received, and there is no liability recorded. Use the following cash payments journal to record the preceding transactions. Cash Payn1entslournal Page 8 Ck. Post. Other Accounts Merchandise Date No. Account Dehited Ref. Amounts DR Payable DR Inventory CR 2018