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 $615.

5 Purchased merchandise for $7,000 on credit from Buck Co., terms n/15.

20 Issued Check No. 381 for $7,000 to Buck Co. to pay for the purchase of June 5.

23 Paid salary of $8,600 to T. Bourne by issuing Check No. 382.

26 Issued Check No. 383 for $11,750 to pay off a note payable to UT Bank.

Date Ck. No Payee Account debited Cash Inventory Other Accounts

Cr. Cr. accounts payable

Dr. Dr.

Greenleaf Company

Cash Payments Journal:

Date Description Debit Credit

June 3 Office Supplies $615

Cash Account $615

To record the issue of check No. 380 to Skipp Corp for office supplies.

June 20 Accounts Payable (Buck Co.) $7,000

Cash Account $7,000

To record the issue of check No. 381 to Buck Co for inventory.

June 23 Salary (T. Bourne) $8,600

Cash Account $8,600

To record the issue of check No. 382 for salary to T. Bourne.

June 26 Note Payable (UT Bank) $11,750

Cash Account $11,750

To record the issue of check No. 383 to pay off a note payable.

Explanation:

A cash payments journal is one of the specialized journals that can be used to initiate the recording of a business transaction, especially with regard to cash payments. Like all journals, it shows the account to be debited and the one to be credited in the general ledger.