Problem

The following transactions took place at Anthlete’s Gear during the first week of October...

The following transactions took place at Anthlete’s Gear during the first week of October 2013. Indicate how these transactions would be entered in a cash payments journal.

DATE

TRANSACTIONS

Oct. 1

Issued Check 3850 for $2,600 to pay the monthly rent.

1

Issued Check 3851 for $2,950 to Fisher Company, a creditor, on account.

2

Issued Check 3852 for $12,100 to purchase new equipment.

2

Issued Check 3853 for $1,420 to remit sales tax to the state sales tax authority.

3

Issued Check 3854 for $1,470 to Sports Emporium, a creditor, on account for invoice of $1,500 less cash discount of $30.

4

Issued Check 3855 for $3,675 to purchase merchandise.

6

Issued Check 3856 for $2,100 as a cash withdrawal for personal use by Eddie Reynolds, the owner.

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