Harris, Inc. incurred the following transactions during the month of February. Record the appropriate ones in the cash payments journal. Include posting references. If a transaction should not be recorded in the cash payments journal, indicate where it should be posted.
(a)On February 3, the company purchased $650 worth of supplies on account. The supplies account number is 15.
(b)On February 5, Harris, Inc. made a payment on account to Sanders Industries in the amount of $1,215
(Check No. 2214).
(c)On February 14, Harris, Inc. bought a one-year insurance policy for $1,500. The prepaid insurance account number is 14
(Check No. 2215).
(d)On February 22, Harris, Inc. paid monthly rent of $2,000. The rent expense account number is 63
(Check No. 2216).
(e)On February 26, Harris, Inc. purchased equipment making a down payment of $3,000
(Check No. 2217) and agreeing to pay the $4,000 balance in 30 days. The equipment account number is 18.? $\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Date } & \begin{array} { c } \text { Ck. } \\\text { No. }\end{array} & \text { Account Debited } & \begin{array} { c } \text { Post. } \\\text { Ref. }\end{array} & \begin{array} { c } \text { Other } \\\text { Accounts } \\\text { Dr. }\end{array} & \begin{array} { c } \text { Accounts } \\\text { Payable Dr. }\end{array} & \begin{array} { c } \text { Cash } \\\text { Cr. }\end{array} \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline\end{array}$

Question

Harris, Inc. incurred the following transactions during the month of February. Record the appropriate ones in the cash payments journal. Include posting references. If a transaction should not be recorded in the cash payments journal, indicate where it should be posted.
(a)On February 3, the company purchased $650 worth of supplies on account. The supplies account number is 15.
(b)On February 5, Harris, Inc. made a payment on account to Sanders Industries in the amount of $1,215
(Check No. 2214).
(c)On February 14, Harris, Inc. bought a one-year insurance policy for $1,500. The prepaid insurance account number is 14
(Check No. 2215).
(d)On February 22, Harris, Inc. paid monthly rent of $2,000. The rent expense account number is 63
(Check No. 2216).
(e)On February 26, Harris, Inc. purchased equipment making a down payment of $3,000
(Check No. 2217) and agreeing to pay the $4,000 balance in 30 days. The equipment account number is 18.?

\begin{array} { | l | l | l | l | l | l | l | } \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 Dr. }\end{array} & \begin{array} { c } \text { Cash } \\\text { Cr. }\end{array} \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline\end{array}

Josmar López Guillén · Accepted Answer

Final Answer :  ?    Date   Ck.   No.   Account Debited   Post.   Ref.   Other   Accounts   Dr.   Accounts   Payable Dr.   Cash   Cr.   Feb. 5  2214  Sanders Industries  1 , 215 1 , 215 14 2215  Prepaid Insurance  14 1 , 500 1 , 500 22 2216  Rent Expense  63 2 , 000 2 , 000 26 2217  Equipment  18 3 , 000 3 , 000 \begin{array} { | l | l | l | l | l | l | l | } \hline 	ext { Date }  &  \begin{array} { c } 	ext { Ck. } \	ext { No. }\end{array}  &  	ext { Account Debited }  &  \begin{array} { c } 	ext { Post. } \	ext { Ref. }\end{array}  &  \begin{array} { c } 	ext { Other } \	ext { Accounts } \	ext { Dr. }\end{array}  &  \begin{array} { c } 	ext { Accounts } \	ext { Payable Dr. }\end{array}  &  \begin{array} { c } 	ext { Cash } \	ext { Cr. }\end{array} \\hline 	ext { Feb. 5 }  &  2214  &  	ext { Sanders Industries }  &  \sqrt{ }  &   &  1,215  &  1,215 \\hline 14  &  2215  &  	ext { Prepaid Insurance }  &  14  &  1,500  &   &  1,500 \\hline 22  &  2216  &  	ext { Rent Expense }  &  63  &  2,000  &   &  2,000 \\hline 26  &  2217  &  	ext { Equipment }  &  18  &  3,000  &   &  3,000 \\hline  &   &   &   &   &   &  \\hline\end{array}  Date   Feb. 5  14 22 26 ​  Ck.   No.  ​ 2214 2215 2216 2217 ​  Account Debited   Sanders Industries   Prepaid Insurance   Rent Expense   Equipment  ​  Post.   Ref.  ​ ​ 14 63 18 ​  Other   Accounts   Dr.  ​ 1 , 500 2 , 000 3 , 000 ​  Accounts   Payable Dr.  ​ 1 , 215 ​  Cash   Cr.  ​ 1 , 215 1 , 500 2 , 000 3 , 000 ​ ​   Transaction(a) should be recorded in the purchases journal as should the $4,000 balance due on the equipment in transaction(e).

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