Part Three-Journalizing Purchases, Cash Payments, and Other Transactions Selected transactions completed by Edwards Company during March of the current year are listed below. Directions: 1. Journalize the following transactions affecting purchases and cash payments completed during March of the current year. Use page 3 of a purchases journal, a general journal, and a cash payments journal. The journals are shown below and on page 3 of this test. Source documents are abbreviated as follows: check, C; debit memorandum, DM; memorandum, M; purchase invoice, P. Transactions Mar 1. Paid cash for rent, $1,600.00. C68. 5. 9. Returned merchandise to Country Fare, $42.00, from P80. DM41. Paid cash to Jenson Company for merchandise with a list price of $325.00, less a 40% trade discount. C69. 10. Paid cash for telephone bill, $135.00. C70. 12. Purchased merchandise on account from Brite Lights, $3,200.00. P81. 15. Bought supplies on account from Lincoln Supplies, $78.00. M37. 17. Paid cash on account to Country Fare, $1,228.00, covering P80 for $1,270.00, less DM41, $42.00; no discount. C71. 19. Paid cash on account to Lincoln Supplies, $78.00, covering M37; no discount. C72. 24. 25. Purchased merchandise on account from Country Fare, $750.00. P82. Paid cash on account to Brite Lights, $3,136.00, covering P81 for $3,200.00, less 2% discount, $64.00. C73. 31. Paid cash to replenish the petty cash fund, $174.00: supplies, $71.25; advertising, $89.50; miscellaneous, $15.75; cash over, $2.50. C74. 2. Total and rule the purchases journal. 3. Prove and rule the cash payments journal.