Cash Payments Journal

General Accounts Purchases Cash

Post Payable Discounts in Bank
Date Account Name
Ref Debit Credit Debit Credit Credit

1 Feb 15 Loan Payable 245 ($ 150,000.00) ($ 177,151.20) 1

2 Interest Expense 660 ($ 27,151.20) 2
3 15 Loan Payable 245 ($ 100,000.00) ($ 147,500.00) 3
4 Interest Expense 660 ($ 47,500.00) 4
5 15 Salary and wages expense 620 ($ 23,612.50) ($ 18,319.97) 5
6 Social security tax payable 225 ($ 1,463.98) 6
7 Medicare tax payable 230 ($ 342.38) 7
8 FWT payable 215 ($ 2,275.56) 8
9 SWT payable 220 ($ 1,210.61) 9
10 25 Rent Expense 635 ($ 1,150.00) ($ 1,150.00) 10
11 25 VEI-MIDWEST Wholesale Marketplace 2005 ($ 24,745.00) ($ 494.90) ($ 24,250.10) 11
12 29 Salary and wages expense 620 ($ 17,775.00) ($ 14,011.01) 12
13 Social security tax payable 225 ($ 1,102.05) 13
14 Medicare tax payable 230 ($ 257.74) 14
15 FWT payable 215 ($ 1,552.78) 15
16 SWT payable 220 ($ 851.42) 16
17 29 Totals ($ 367,188.70) ($ 9,056.52) ($ 24,745.00) ($ 494.90) ($ 382,382.28) 17
18 ((205)) ((510)) ((105)) 18
19 19
20 20
21 21
22 22
23 23

Debits Credits Difference

($ 391,933.70) ($ 391,933.70) ($ -  )