Lakeview Industries uses a cash payments journal. Prepare a cash payments journal using the same format and account tities as ustrated in the chapter. Record the wing payments the merchandise purchased: Sept 5 12 Check No. 318 to Clausen Corp. for merchandise purchased August 20, $5,900, terms 2/10, n/30. Payment is made within the discount period. Check No. 319 to McGonigle Co. for merchandise purchased September 2, 19,400, terms 1/10, 30. A credit memo had previously been received from Helene Co. for merchandise returned. $500. 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, $4,100, terms /30 27 Issued Chex No. 321 to Glenn Pats for merchandise purchased September 17, $7,400, tarms 2/10, n/30. Payment is made within the decount period. DATE Sep.3. 31 Sep. 13 2 CK. NO. ACCOUNT DEBITED POST. REF. DEBIT GENERAL ACCOUNTS PURCHASES PAYABLE DISCOUNTS DEBIT CREDIT CASH CREDIT Claven Cora X Sep. 19 Sep27 HcGonigle Co. Elite Systems Glenn Falls 00