Joumalizing Cash Payments Sandcastles Northwest uses a cash payments Journal. Prepare a cash payments journal using the same format and account titles as illustrated in the chapter Record the following payments for merchandise purchased Apr. 5 issued Check No. 429 to Standard Industries for merchandise purchased April 3, 58,900, terms 2/10, 1/30. Payment is made within the discount period. 19 Issued Check No. 430 to Finest Company for merchandise purchased April 10,85,100, terms 1/10, 9/30. A credit memo had previously been received from Finest Company for merchandise returned, $200. Payment is made within the discount period after deduction for the retum dated April 12 21 issued Check No. 431 to Funny Fotes for merchandise purchased March 21, $2,900, terms 30. 29 sued Check No 432 to Cane Data for merchandise purchased April 20, 97,300, terms 2/10,30 Payment is made within the discount period Page! POST. GENERAL ACCOUNTS PURCHASES CASH DATE CK: NO ACCOUNT DEBITED PAYABLE DISCOUNTS REF DEBIT CREDIT DEBIT M Standard Industries 8.900 CREDIT 429 0 Md 430 Finest Company Mid 2.900 3 Funny Follies 4:31 M. Classic Data 132 2011