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Exercise 7-7 (Algo) Cash payments journal LO P4 Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.

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Exercise 7-7 (Algo) Cash payments journal LO P4 Marx Supply 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. April 3 Purchased merchandise for $2,600 on credit from Seth, Incorporated, terms 2/10, n/30. April 9 Issued Check Number 210 to Kitt Corporation to buy store supplies for $416. April 12 Sold merchandise costing $466 to C. Myrs for $783 on credit, terms n/30. April 17 Issued Check Number 211 for $1, 500 to pay off a note payable to City Bank. April 20 Purchased merchandise for $3,200 on credit from Lite, terms 2/10, n/30. April 28 Issued Check Number 212 to Lite to pay the amount due for the April 20 purchase less the $64 discount. April 29 Paid salary of $1, 550 to B. Dock by issuing Check Number 213. April 30 Issued Check Number 214 to Seth, Incorporated, for $2, 600 to pay for the April 3 purchase. CASH PAYMENTS JOURNAL Other Check Cash Accounts Number Payee Account Debited Inventory Date Credit Credit Accounts Debit Payable Debit

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