Journalizing Cash Payments

Lakeview Industries 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:

Sept. $5$ Issued Check No$.318$ to Clausen Corp. for merchandise purchased August $28,$ $$4,700,$ terms $2/10,$ n$/30.$ Payment is made within the discount period.

$12$ Issued Check No$.319$ to McGonigle Co$.$ for merchandise purchased September $2,$ $$8,700,$ terms $1/10,$ n$/30.$ A credit memo had previously been received from McGonigle Co$.$ for merchandise returned, $$600.$ Payment is made within the discount period after deduction for the return dated September $8.$

$19$ Issued Check No$.320$ to Elite Systems for merchandise purchased August $19,$ $$3,000,$ terms n$/30.$

$27$ Issued Check No$.321$ to Glenn Falls for merchandise purchased September $17,$ $$7,200,$ terms $2/10,$ n$/30.$ Payment is made within the discount period.