Harris, Inc. incurred the following transactions during the month of February. Record the appropriate ones in the cash payments journal. Include posting references. 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 making a down payment of $3,000 (Check No. 2217) and agreeing to pay the $4,000 balance in 30 days. The equipment account number is 18. If an amount box does not require an entry, leave it blank.Date Account CK. No. Post. Other Accounts CashDebited Ref. Accounts DR. Payable DR. CR.1 ✓ 12 23 34 4

A journal entry is the act of making records of any transactions. The transactions are listed in a way that shows the company's debit and credit balances.

It should be noted that:

February 3, the journal entry was recorded in supplies account debit ($650) and the account payable credit ($650).

February 26, the journal entry was recorded in equipment account debit was ($3000 + $4000) and the cash account credit ($3000) and the account payable credit ($4000).

Further entries has been recorded in the attached document.

anthougo anthougo · Answer 2 · 2021-11-30T16:51:00+01:00

Harris, Inc. records the following transactions in its cash payments journal for the month of February.

Cash Payments Journal

Date Account CK. No. Ref. No. Debit Credit

February 3: Supplies 15 $650

Accounts Payable $650

To record the purchase of supplies on account.

February 5: Accounts Payable $1,215

Cash Check No. 2214 $1,215

To record the payment on account to Sanders Industries.

February 14: Prepaid Insurance 14 $1,500

Cash Check No. 2215 $1,500

To record the prepayment of insurance for a year.

February 22: Rent Expense 63 $2,000

Cash Check No. 2216 $2,000

To record the payment of rent for the month.

February 26: Equipment 18 $7,000

Cash Check No. 2217 $3,000

Accounts Payable $4,000

To record the purchase of equipment for cash and on account.

Data Analysis:

A. February 3: 15 Supplies $650 Accounts Payable $650

B. February 5: Accounts Payable $1,215 Cash $1,215 Check No. 2214

C. February 14: 14 Prepaid Insurance $1,500 Cash $1,500 Check No. 2215

D. February 22: 63 Rent Expense $2,000 Cash $2,000 Check No. 2216

E. February 26: 18 Equipment $7,000 Cash $3,000 Accounts Payable $4,000 Check No. 2217

Learn more: https://brainly.com/question/23794037