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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 in which journal it should be entered.
(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, paying cash of $7,000 (Check No. 2217). The equipment account number is 18.
Date |
No. | Account Debited | Post. Ref. | Other Accounts Dr. | Accounts Payable Dr. |
Cash |
| | ||||||
Answer
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