Purchases Journal, Cash Payments Journal, and General Journal

Freddy Flint owns a small retail business called Flint's Fantasy. The cash account has a balance of $26,860 on July 1. The following transactions occurred during July:

July 1		Issued Check No. 414 in payment of July rent, $1,430.
1		Purchased merchandise on account from Tang's Toys, Invoice No. 311, $2,900, terms 2/10, n/30.
3		Purchased merchandise on account from Sillas & Company, Invoice No. 812, $3,000, terms 1/10, n/30.
5		Returned merchandise purchased from Tang's Toys, receiving a credit memo on the amount owed, $500.
8		Purchased merchandise on account from Daisy's Dolls, Invoice No. 139, $1,400, terms 2/10, n/30.
11		Issued Check No. 415 to Tang's Toys for merchandise purchased on account, less return of July 5 and less 2% discount.
13		Issued Check No. 416 to Sillas & Company for merchandise purchased on account, less 1% discount.
15		Returned merchandise purchased from Daisy's Dolls, receiving a credit memo on the amount owed, $500.
18		Issued Check No. 417 to Daisy's Dolls for merchandise purchased on account, less return of July 15 and less 2% discount.
25		Purchased merchandise on account from Allied Business, Invoice No. 489, $2,500, terms n/30.
26		Purchased merchandise on account from Tang's Toys, Invoice No. 375, $2,010, terms 2/10, n/30.
29		Purchased merchandise on account from Sillas & Company, Invoice No. 883, $3,485, terms 1/10, n/30.
31		Freddy Flint withdrew cash for personal use, $2,325. Issued Check No. 418.
31		Issued Check No. 419 to Glisan Distributors for a cash purchase of merchandise, $995.

1. Record the transactions in the purchases journal, cash payments journal, and general journal. Total the purchases and cash payments journals. Prove the cash payments journal.

Page: 7

	DATE	INVOICE NO.	FROM WHOM PURCHASED	POST. REF.	PURCHASES DEBIT/ ACCTS. PAY. CREDIT
1	Jul. 1Jul. 5Jul. 11Jul. 13Jul. 15Jul. 18Jul. 31	- Select -	Allied BusinessDaisy's DollsSillas and CompanyTang's Toys		- Select -	1
2	Jul. 3Jul. 5Jul. 11Jul. 13Jul. 15Jul. 18Jul. 31	- Select -	Allied BusinessDaisy's DollsSillas and CompanyTang's Toys		- Select -	2
3	Jul. 5Jul. 8Jul. 11Jul. 13Jul. 15Jul. 18Jul. 31	- Select -	Allied BusinessDaisy's DollsSillas and CompanyTang's Toys		- Select -	3
4	Jul. 5Jul. 11Jul. 13Jul. 15Jul. 18Jul. 25Jul. 31	- Select -	Allied BusinessDaisy's DollsSillas and CompanyTang's Toys		- Select -	4
5	Jul. 5Jul. 11Jul. 13Jul. 15Jul. 18Jul. 26Jul. 31	- Select -	Allied BusinessDaisy's DollsSillas and CompanyTang's Toys		- Select -	5
6	Jul. 5Jul. 11Jul. 13Jul. 15Jul. 18Jul. 29Jul. 31	- Select -	Allied BusinessDaisy's DollsSillas and CompanyTang's Toys		- Select -	6
7					fill in the blank 94fd48f8cf8b036_25	7
8					(501) (202)	8

Question Content Area

Cash Payments Journal								Page 9
Date	Ck. No.	Account Debited	Post. Ref.	General Debit	Accounts Payable Debit	Purchases Debit	Purchases Discounts Credit	Cash Credit
20-- July 1July 3July 5July 8July 11July 13July 15July 18July 25July 26July 29July 31	fill in the blank 30335c04005b046_2	Rent ExpenseTang's ToysSillas and CompanyDaisy's DollsF. Flint, Drawing	312521	fill in the blank 30335c04005b046_5	fill in the blank 30335c04005b046_6	fill in the blank 30335c04005b046_7	fill in the blank 30335c04005b046_8	fill in the blank 30335c04005b046_9
July 1July 3July 5July 8July 11July 13July 15July 18July 25July 26July 29July 31	fill in the blank 30335c04005b046_11	Rent ExpenseTang's ToysSillas and CompanyDaisy's DollsF. Flint, Drawing	312521	fill in the blank 30335c04005b046_14	fill in the blank 30335c04005b046_15	fill in the blank 30335c04005b046_16	fill in the blank 30335c04005b046_17	fill in the blank 30335c04005b046_18
July 1July 3July 5July 8July 11July 13July 15July 18July 25July 26July 29July 31	fill in the blank 30335c04005b046_20	Rent ExpenseTang's ToysSillas and CompanyDaisy's DollsF. Flint, Drawing	312521	fill in the blank 30335c04005b046_23	fill in the blank 30335c04005b046_24	fill in the blank 30335c04005b046_25	fill in the blank 30335c04005b046_26	fill in the blank 30335c04005b046_27
July 1July 3July 5July 8July 11July 13July 15July 18July 25July 26July 29July 31	fill in the blank 30335c04005b046_29	Rent ExpenseTang's ToysSillas and CompanyDaisy's DollsF. Flint, Drawing	312521	fill in the blank 30335c04005b046_32	fill in the blank 30335c04005b046_33	fill in the blank 30335c04005b046_34	fill in the blank 30335c04005b046_35	fill in the blank 30335c04005b046_36
July 1July 3July 5July 8July 11July 13July 15July 18July 25July 26July 29July 31	fill in the blank 30335c04005b046_38	Rent ExpenseTang's ToysSillas and CompanyDaisy's DollsF. Flint, Drawing	312521	fill in the blank 30335c04005b046_41	fill in the blank 30335c04005b046_42	fill in the blank 30335c04005b046_43	fill in the blank 30335c04005b046_44	fill in the blank 30335c04005b046_45
July 1July 3July 5July 8July 11July 13July 15July 18July 25July 26July 29July 31	fill in the blank 30335c04005b046_47		312521	fill in the blank 30335c04005b046_49	fill in the blank 30335c04005b046_50	fill in the blank 30335c04005b046_51	fill in the blank 30335c04005b046_52	fill in the blank 30335c04005b046_53
				fill in the blank 30335c04005b046_54	fill in the blank 30335c04005b046_55	fill in the blank 30335c04005b046_56	fill in the blank 30335c04005b046_57	fill in the blank 30335c04005b046_58
				()	(202)	(501)	(501.2)	(101)

Debit total:	$fill in the blank 30335c04005b046_59
Credit total:	$fill in the blank 30335c04005b046_60

Question Content Area

GENERAL JOURNAL				PAGE 3
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
July 1July 5July 11July 15	Accounts Payable/Tang's ToysAccounts Receivable/Tang's ToysPurchasesPurchases Returns and AllowancesSales Returns and Allowances	fill in the blank c1fee6f6efa7045_3/	fill in the blank c1fee6f6efa7045_4	fill in the blank c1fee6f6efa7045_5
	Accounts Payable/Tang's ToysAccounts Receivable/Tang's ToysPurchasesPurchases Returns and AllowancesSales Returns and Allowances	fill in the blank c1fee6f6efa7045_7	fill in the blank c1fee6f6efa7045_8	fill in the blank c1fee6f6efa7045_9
	Returned merchandise
July 10July 15July 16July 21	Accounts Payable/Daisy's DollsAccounts Receivable/Daisy's DollsPurchasesPurchases Returns and AllowancesSales Returns and Allowances	fill in the blank c1fee6f6efa7045_12/	fill in the blank c1fee6f6efa7045_13	fill in the blank c1fee6f6efa7045_14
	Accounts Payable/Daisy's DollsAccounts Receivable/Daisy's DollsPurchasesPurchases Returns and AllowancesSales Returns and Allowances	fill in the blank c1fee6f6efa7045_16	fill in the blank c1fee6f6efa7045_17	fill in the blank c1fee6f6efa7045_18
	Returned merchandise

2. Post from the journals to the general ledger and accounts payable ledger accounts.

GENERAL LEDGER
ACCOUNT	Cash				ACCOUNT NO.	101
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
July 1	Balance				26,860.00
July 21July 29July 30July 31		J3P7CP9	fill in the blank c1fee6f6efa7045_21	fill in the blank c1fee6f6efa7045_22	fill in the blank c1fee6f6efa7045_23	fill in the blank c1fee6f6efa7045_24

ACCOUNT	Accounts Payable				ACCOUNT NO.	202
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
July 1July 2July 4July 5		J3P7CP9	fill in the blank c1fee6f6efa7045_27	fill in the blank c1fee6f6efa7045_28	fill in the blank c1fee6f6efa7045_29	fill in the blank c1fee6f6efa7045_30
July 14July 15July 16July 30		J3P7CP9	fill in the blank c1fee6f6efa7045_33	fill in the blank c1fee6f6efa7045_34	fill in the blank c1fee6f6efa7045_35	fill in the blank c1fee6f6efa7045_36
July 23July 24July 30July 31		J3P7CP9	fill in the blank c1fee6f6efa7045_39	fill in the blank c1fee6f6efa7045_40	fill in the blank c1fee6f6efa7045_41	fill in the blank c1fee6f6efa7045_42
July 23July 24July 30July 31		J3P7CP9	fill in the blank c1fee6f6efa7045_45	fill in the blank c1fee6f6efa7045_46	fill in the blank c1fee6f6efa7045_47	fill in the blank c1fee6f6efa7045_48

ACCOUNT	F. Flint, Drawing				ACCOUNT NO.	312
					BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
20--
July 28July 29July 30July 31		J3P7CP9	fill in the blank c1fee6f6efa7045_51	fill in the blank c1fee6f6efa7045_52	fill in the blank c1fee6f6efa7045_53	fill in the blank c1fee6f6efa7045_54