Jan. 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 liability recorded.€ƒ
Use the following cash payments journal to record the preceding transactions.

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Cash Payments Journal Page 8 Ck. Post. Other Accounts Merchandise Date No Account Debited Ref. Accounts DR Payable DR Inventory CRCash CR 2016