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Sunland Company's chart of accounts includes the following selected accounts. On October 1, the accounts payable ledger of Sunland Company showed the following balances: Uggla
Sunland Company's chart of accounts includes the following selected accounts. On October 1, the accounts payable ledger of Sunland Company showed the following balances: Uggla Company $2,250, Orr Co $2.530, Rosenthal Co. $1,850, and Clevenger Company $3,690. The October transactions involving the payment of cash were as follows. Oct Purchased merchandise, check no, 63,$370. 1 3 Purchased equipment, check no. 64. $840. 5 Paid Uggla Company balance due of $2,250, less 2% discount, checkno, 65, $2.205.00. 10 Purchased merchandise, check no, 66, \$2,270. 15 Paid Rosenthal Ca balance due of $1,850, check no, 67. 16 C. Sunland, the owner, pays his personal insurance premium of $490, checkno. 68 . 19 Paid Orr Co. in full for invoice no 610,$2,350 less 2% cash discount, check no. 69,$2,303.00. 29 Paid Clevenger Company in full for invoice no. 264, $2,600, check no. 70. Joumalize the transictions above in a four-column cash panthents journal with columns for Other Acoounts Dr.. Accounts Payable Dr. Inventory Cr., and Cash Cr. Foot andicrass-foot ti jourtal (Recond entries in the onder displayed in the problem statement. Round answers to O decimol ploces, e. .5.275)
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