Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a cash payments 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 $235. 5 Purchased merchandise for $3,200 on credit from Buck Co., terms n/15. 20 Issued Check No. 381 for $3,200 to Buck Co. to pay for the June 5 purchase. 23 Paid salary of $4,800 to T. Bourne by issuing Check No. 382. 26 Issued Check No. 383 for $2,250 to pay off a note payable to UT Bank.
Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a cash payments 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 $235. 5 Purchased merchandise for $3,200 on credit from Buck Co., terms n/15. 20 Issued Check No. 381 for $3,200 to Buck Co. to pay for the June 5 purchase. 23 Paid salary of $4,800 to T. Bourne by issuing Check No. 382. 26 Issued Check No. 383 for $2,250 to pay off a note payable to UT Bank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,
and general journal. Prepare a cash payments 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 $235.
5 Purchased merchandise for $3,200 on credit from Buck Co., terms n/15.
20 Issued Check No. 381 for $3,200 to Buck Co. to pay for the June 5 purchase.
23 Paid salary of $4,800 to T. Bourne by issuing Check No. 382.
26 Issued Check No. 383 for $2,250 to pay off a note payable to UT Bank.
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