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Silver Corporation Had the Following Transactions Use the Following Cash Payments Journal to Record the Preceding

Question 111

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Silver Corporation had the following transactions:
Jan 4 Issued check no, 430 to purchase equipment for cash, $2,200.9 Purchased merchandise inventory for cash, $400, issuing check no, 431.19 Paid Kale Co. amount owed, $1,025, less $60 discount. Issued check no, 432.27 Issued check no. 433 to pay utilities, $210. The bill was just received, and there is no  liability recorded. \begin{array}{|l|l|}\hline \text {Jan } 4 & \text { Issued check no, } 430 \text { to purchase equipment for cash, } \$ 2,200 . \\\hline 9 & \text { Purchased merchandise inventory for cash, } \$ 400, \text { issuing check no, } 431 . \\\hline 19 & \text { Paid Kale Co. amount owed, } \$ 1,025, \text { less } \$ 60 \text { discount. Issued check no, } 432 . \\\hline 27 & \begin{array}{l}\text { Issued check no. } 433 \text { to pay utilities, } \$ 210 . \text { The bill was just received, and there is no } \\\text { liability recorded. }\end{array} \\\hline\end{array}
Use the following cash payments journal to record the preceding transactions. The company uses the perpetual inventory system.
 Silver Corporation had the following transactions:   \begin{array}{|l|l|} \hline \text {Jan } 4 & \text { Issued check no, } 430 \text { to purchase equipment for cash, } \$ 2,200 . \\ \hline 9 & \text { Purchased merchandise inventory for cash, } \$ 400, \text { issuing check no, } 431 . \\ \hline 19 & \text { Paid Kale Co. amount owed, } \$ 1,025, \text { less } \$ 60 \text { discount. Issued check no, } 432 . \\ \hline 27 & \begin{array}{l} \text { Issued check no. } 433 \text { to pay utilities, } \$ 210 . \text { The bill was just received, and there is no } \\ \text { liability recorded. } \end{array} \\ \hline \end{array}   Use the following cash payments journal to record the preceding transactions. The company uses the perpetual inventory system.

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