CanyonsID - Portal Access Chapter 10 Homework Assignment eBook v2.cengagenow.com Mind Tap - Cengage Learning C CengageNOWv2 | Online teaching and learning resource from Ce... C Expert Q&A | Chegg.com MacDonald Bookshop had the following transactions that occurred during February of this year: Feb. 3 Issued Ck. No. 4312, $892, to Kent Company for invoice no. 68172, recorded 4 previously for $910.20, less 2 percent cash discount. Issued Ck. No. 4313 to Kirby Express Company for freight charges, $35, for books purchased. Issued Ck. No. 4314 to Morse Land Company for monthly rent, $590. 6 11 Received and paid bill for advertising in the Ballard News, $105.79, Ck. No. 4315. 11 Issued Ck. No. 4316, $1,078.11, to Contreras Book Company for invoice no. A3322, recorded previously for $1,089, less 1 percent cash discount. 17 Paid wages recorded previously for first half of February, $487; Ck. No. 4317. > 21 R. D. MacDonald, the owner, withdrew $1,200 for personal use; Ck. No. 4318. 26 Issued Ck. No. 4319 to First National Bank for payment on bank loan, $560, consisting of $500 on the principal and $60 interest. 27 Issued Ck. No. 4320, $645, to Graham Publishing Company for invoice no. 7768, recorded previously (no discount). 28 Voided Ck. No. 4321. 28 Paid wages recorded previously for second half of February, $641; Ck. No. 4322. Required: Journalize the transactions for February in the cash payments journal and total the columns. Assume the periodic inventory method is used. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. CASH PAYMENTS JOURNAL PAGE CK. DATE NO. ACCOUNT DEBITED POST. REF. OTHER ACCOUNTS DEBIT ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNTS CREDIT CASH CREDIT 20-- Feb 3 4312 Kent Company Check My Work Assignment Score: 27.03% Previous All work saved. Save and Exit Submit Assignment for Grading 88 > CanyonsID - Portal Access Chapter 10 Homework Assignment eBook Mind Tap - Cengage Learning v2.cengagenow.com C CengageNOWv2 | Online teaching and learning resource from Ce... C Expert Q&A | Chegg.com Journalize the transactions for February in the cash payments journal and total the columns. Assume the periodic inventory method is used. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank. CASH PAYMENTS JOURNAL PAGE CK. DATE NO. ACCOUNT DEBITED POST. REF. OTHER ACCOUNTS DEBIT ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNTS CREDIT CASH CREDIT 20-- Feb. 3 4312 Kent Company 4 4313 Freight In 6 4314 Rent Expense 11 4315 Advertising Expense 11 4316 Contreras Book Company 17 4317 Wages Payable 21 4318 R. D. MacDonald, Drawing 26 4319 Notes Payable Interest Expense 27 4320 Graham Publishing Company 28 4321 28 4322 Wages Payable 28 Totals $ Prove the equality of the debit and credit totals. If required, round your answers to the nearest cent. EQUALITY OF DEBITS AND CREDITS Other Accounts debit Check My Work Assignment Score: 27.03% DEBITS CREDITS Purchases Discounts credit $ All work saved. Save and Exit Previous Submit Assignment for Grading 88 > CanyonsID - Portal Access Chapter 10 Homework Assignment eBook CASH PAYMENTS JOURNAL v2.cengagenow.com Mind Tap - Cengage Learning C CengageNOWv2 | Online teaching and learning resource from Ce... C Expert Q&A | Chegg.com PAGE DATE CK. NO. ACCOUNT DEBITED POST. REF. OTHER ACCOUNTS DEBIT ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNTS CREDIT CASH CREDIT 20-- Feb. 3 4312 Kent Company 4 4313 Freight In 6 4314 Rent Expense 11 4315 Advertising Expense 11 4316 Contreras Book Company 17 4317 Wages Payable 21 4318 R. D. MacDonald, Drawing 26 4319 Notes Payable Interest Expense 27 4320 Graham Publishing Company 28 4321 28 4322 Wages Payable 28 Totals $ $ Prove the equality of the debit and credit totals. If required, round your answers to the nearest cent. EQUALITY OF DEBITS AND CREDITS DEBITS Other Accounts debit CREDITS Purchases Discounts credit Accounts Payable debit Cash credit Total $ Total Check My Work Assignment Score: 27.03% $ $ All work saved. Save and Exit Submit Assignment for Grading 88