Review your results from Short Exercise SB-10.
Requirements
1. Total each column of the cash payments journal.
2. Open the following four-column accounts in the accounts payable subsidiary ledger:
Accounts Payable-Kat Co., Bal. $1,900. Post the transactions to the accounts payable subsidiary ledger.
3. Open the following selected four-column accounts in the general ledger: Cash (111), Bal. $5,000; Merchandise Inventory (118), $2,100; Equipment (150), $9,900; Accounts Payable (211), $1,900; Utilities Expense (541). Post the total of each column to the general ledger. Also, post the Other Accounts column to the general ledger.
4. Balance the total of the vendor ending balances in the accounts payable subsidiary ledger against Accounts Payable in the general ledger.
Short Exercise SB-10
Jan. 5 Issued check no. 430 to purchase equipment for cash, $1,700.
7 Purchased merchandise inventory for cash, $450, issuing check no. 431.
18 Paid Kat Co. amount owed, $775, less $100 discount. Issued check no. 432.
28 Issued check no. 433 to pay utilities, $260. The bill was just received, and there is no liability recorded.
Use the following cash payments journal to record the preceding transactions.

Transcribed Image Text:

Cash Payments Journal Other Accounts DR Page 8 Merchandise Inventory CR Ck. No. Post. Accounts Cash CR Ref. Payable DR Account Debited Date 2018