Recording transactions in a cash payments journal 5 Issued check no. 430 to purchase equipment for cash, $2.200 7 Purchased merchandise inventory for cash, $400, issuing check no 431. 18 Paid King Co. amount owed. $1, 025, less $60 discount. Issued check no. 432. 28 Issued check no 433 to pay utilities, $210. The bill was just received, and there is no liabilities recorded. Requirements Total each column of the cash payments journal. Open the following four-column accounts in the accounts payable subsidiary ledger: Accounts Payable-King Co., Bal. $1, 025. Post the transactions to the accounts payable subsidiary ledger. Open the following selected four-column accounts in the general ledger. Cash (111), Bal $6, 500, Merchandise Inventory (118), $1, 800; Equipment (150), $10,000; Accounts Payable (211), $1, 025; Utilities the total Expense (541). Post the load of each column to the general ledger. Also, post the Other Accounts to the Other Accounts to the general ledger. Balance the total of the vendor balances in the accounts payable subsidiary ledger against Accounts Payable in the general ledger