P7-3A. Peter Daly operates a photo printing centre in Whitehorse. All transactions requiring the payment of cash are recorded in the cash payments journal (page 5). The account balances as of May 1, 2022, are as follows: Accounts Payable Ledger Name Balance Chedd Co. $2,400 Marrk Co. 1,100 JNS Co. 700 P. Mark Co. 2,500 Partial General Ledger Number Balance 110 $17,000 115 150 210 6,700 610 620 Account Cash Inventory Delivery Truck Accounts Payable Rent Expense Utilities Expense Journalizing, recording, and posting a cash payments journal; preparing a schedule of accounts payable. (40 min)