The following are selected transactions related to purchases on account and cash payments completed during April...
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The following are selected transactions related to purchases on account and cash payments completed during April of the current year. Issued Check No. 60 in payment of rent for month, $2,400. Apr. Purchased office supplies from Clauson Co., $850. Issued Check No. 61 to Dame Co. for $9,750 for cash purchase of equipment. 9. Purchased store supplies from Ewing Co., $425. 10 Issued Check No. 62 to Clauson Co. in payment of April 5 invoice. 15 Purchased store supplies from Patton Co., $7,500. 17 Issued Check No. 63 to Ewing Co. in payment of April 10 invoice of $425. 20 Purchased equipment from Sloan Co., $7,750. 25 Issued Check No. 64 to Patton Co. for partial payment of the April 17 invoice, $4,000. 27 Purchased office supplies from Winthrop Co., $400. 30 a) Record the transactions in the cash payments journal. b) Total and rule the cash payments jounal as of April 30. (c) Indicate the method of posting the individual items and the totals of the cash payments journal in the following manner: (1) For individual items and totals to be posted to the subsidiary ledger or not to be posted, select the option "Yes" in the Post. Ref. column or below the totals. (2) For individual items and totals to be posted to the general ledger, select the option "G" (as a substitute for speoific account numbers) in the Post. Ref. column or below the totals. If an amount box does not require an entry, leave it blank. The following are selected transactions related to purchases on account and cash payments completed during April of the current year. Issued Check No. 60 in payment of rent for month, $2,400. Apr. Purchased office supplies from Clauson Co., $850. Issued Check No. 61 to Dame Co. for $9,750 for cash purchase of equipment. 9. Purchased store supplies from Ewing Co., $425. 10 Issued Check No. 62 to Clauson Co. in payment of April 5 invoice. 15 Purchased store supplies from Patton Co., $7,500. 17 Issued Check No. 63 to Ewing Co. in payment of April 10 invoice of $425. 20 Purchased equipment from Sloan Co., $7,750. 25 Issued Check No. 64 to Patton Co. for partial payment of the April 17 invoice, $4,000. 27 Purchased office supplies from Winthrop Co., $400. 30 a) Record the transactions in the cash payments journal. b) Total and rule the cash payments jounal as of April 30. (c) Indicate the method of posting the individual items and the totals of the cash payments journal in the following manner: (1) For individual items and totals to be posted to the subsidiary ledger or not to be posted, select the option "Yes" in the Post. Ref. column or below the totals. (2) For individual items and totals to be posted to the general ledger, select the option "G" (as a substitute for speoific account numbers) in the Post. Ref. column or below the totals. If an amount box does not require an entry, leave it blank.
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