Prepare the Cash Payments Journal for Ewan Co. given the following information.

Nov. 3 paid rent expense with check no. 101 for $1,200.00.

Nov. 8, paid for supplies with check no. 102 for $61.00. Nov. 15, paid NAC Corp $679.00 for inventory purchased on account with a discount of $21.00. (3/15 n/30 already calculated at $21.00). Ewan Co took advantage of the 3% discount of $21.00. Cost of merchandise recorded in Accounts Payable was $700.00.

Nov. 20, paid John Doe Co. $119.00 for accounts payable.

Nov. 26, paid for inventory in cash, check no. 105 in the amount of $2200.00.

Required: Prepare the Cash Payments Journal.

Post to the subsidiary ledgers and General Ledger. Use T-Accounts for your ledgers. Ensure that you cross reference your ledgers (General Ledger to the Cash Payment Journal and vice versa) Cross reference to the subsidiary ledgers also. Use (Page 6) for the Cash Payment Journal page number.