Question

Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash payments journal. June 3 Issued Check No. 380 to Skipp Corp. to buy office supplies for $495. 5 Purchased merchandise for $5,800 on credit from Buck Co., terms n/15. 20 Issued Check No. 381 for $5,800 to Buck Co. to pay for the purchase of June 5. 23 Paid salary of $7,400 to T. Bourne by issuing Check No. 382. 26 Issued Check No. 383 for $8,750 to pay off a note payable to UT Bank. CASH PAYMENTS JOURNAL Date Ck. No Payee Account debited Cash Cr. Inventory Cr. Other accounts Dr. Accounts payable Dr.

Answer 1

	Cash Payments Journal
Date	Chk. No.	Payee	Account Debited	Cash Cr.	Inventory Cr.	Other Accounts Dr.	Accounts Payable Dr.
Jun-03	380	Skipp Corp	Office Supplies	$                     495		$                495
Jun-20	381	Buck Co.	Buck Co.	$                 5,800			$           5,800
Jun-23	382	T.Bourne	Salaries	$                 7,400		$             7,400
Jun-26	383	UT Bank	Notes Payable	$                 8,750		$             8,750

Transaction for Jun 5 is not posted, since it doesnot involve cash