Chapter 7-Problem Solving G Help Save & Exit Submit Saved Check my work Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May. Identify the journal in which each transaction should be recorded 6.66 points Journal May 2 Sold merchandise costing $300 to B Facer for $450 cash, invoice no 5703 5 Purchased $2,400 of merchandise on credt from Marchant Corp 7 Sold merchandise costing $800 to J. Dryer for $1,250, terms 2/10, n3O, invoice no 5704 8 Borrowed $9,000 cash by signing a note payable to the bank 12 Sold merchandise costing $200 to R Lamb for $340 terms n/30) nvoice no 5705 16 Received $1 225 cash from J. Dryer to pay for the purchase of May 7 9 Sold used store equipment for $900 cash to Golf, Inc 25 Sold merchandise costing $500 to T. Taylor for $750 terms n/30, invoice no 5706 eBook References Check my work 2 Ali Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November. Identify the journal in which each transaction should be recorded 16.66 ponts Transaction Nov 3 The company purchased $3,200 of merchandise on credit from Hart Co terms n/20 The company sold merchandise costng $840 on creat to J Than for s1,000, subject to a s20 sales dacount if paid by the end of the month The company borrowed $3.760 cash by signing a note pvabi 13 J Ali, the owner, contributed $5.000 cash to the company 18 The company sold merchandse costng $250 to B Cox for $330 cash 22 The company paid Hart Co $3.200 cash for the merchandise purchased on November 3 27 The company receved $980 cas 30 The company paid salaries of $1.650 in cash Print h from J Than in payment of the November 7 purchase References Check my work 3 Marx Supply uses a sales journal, a purchases journal. a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of April. Identify the journal in which each transaction should be recorded 16.68 points Journal April 3 Purchased merchandise for $2.950 on credit from Seth, Inc terms 2/10, /30 9 Issued check no 210 to Kitt Corp to buy store supplies for 5650 12 Sold merchandise costing $500 on credit to C. Myrs for $770, terms n/30 17 Issued check no 211 for $1.400 to pay olf a note payable to City Bank 20 Purchased merchandiue for S4 500 on cret fhom Lite Nerms 2110 va 28 Issued check no. 212 to Lite to pay the amount due for the purchase of Apri 20 less the discount 29 Paid salary of $1,800 to B. Cock by ssuing check no 213 30 Issued check no. 214 to Seth Ind topay the amount due for the purchase of April 3 eBook Print References