Asked by Arauna Anwar on Jul 22, 2024
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Down-Under, an aquatic supply store, makes the following five payments during August. Journalize them in the cash payments journal as appropriate.
(a)On August 2, Down-Under paid Pondmaster, Inc. with Check No. 6420 for 6 pumps at $435.00 each. The pumps had been purchased in July on account.
(b)On August 10, Down-Under purchased $785.00 of office supplies from Business Systems with Check No. 6421.
(c)On August 15, Down-Under paid Aqua Magic $215.00 on account with Check No. 6422.
(d)On August 27, Down-Under paid an invoice for merchandise received earlier from Spindrifter, Inc. for 8 drains at $73.50 each with Check No. 6423.
(e)On August 31, Down-Under purchased $65.00 of koi clay from The Natural Wonder Company by writing Check No. 6424.
(Record in Pond Supplies Expense.)? Cash Payments Journal Page 17\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\textbf { Cash Payments Journal } \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \textbf { Page } 17 Cash Payments Journal Page 17
Date Ck. No. Account Debited Post. Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr. \begin{array}{|c|c|c|c|c|c|c|}\hline \text { Date } & \begin{array}{c}\text { Ck. } \\\text { No. }\end{array} & \text { Account Debited } & \begin{array}{c}\text { Post. } \\\text { Ref. }\end{array} & \begin{array}{c}\text { Other } \\\text { Accounts } \\\text { Dr. }\end{array} & \begin{array}{c}\text { Accounts } \\\text { Payable } \\\text { Dr. }\end{array} & \begin{array}{c}\text { Cash } \\\text { Cr. }\end{array} \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline\end{array} Date Ck. No. Account Debited Post. Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr.
Cash Payments Journal
A financial journal that records all cash outflows or payments made by a company.
Office Supplies
These are consumable items used in an office environment for daily operations, including items like pens, paper, and staplers.
Pond Supplies Expense
The costs incurred for the maintenance or operational needs of a pond.
- Ascertain the fitting diaries for recording assorted transaction types.
Verified Answer
FP
Learning Objectives
- Ascertain the fitting diaries for recording assorted transaction types.