Exercise 7-7 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 $3,000 on credit from Seth, Inc., terns 2/10, n/30. 12 Sold merchandise costing $530 to C. Myrs for $890 on credit, terms n/30. 17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank. 20 Purchased merchandise for $3,600 on credit from Lite, terms 2/10, n/30. 28 Issued check no. 212 to Lite to pay the amount due for the purchase of April 20 less the discount of $72. 29 Paid salary of $1,950 to B. Dock by issuing check no. 213. 30 Issued check no. 214 to Seth, Inc., $3,000 to pay for the April 3 purchase. CASH PAYMENTS JOURNAL Account Debited Cash Cr. Date Ck. No Other Inventory Cr. Accounts Dr. Accounts Payable Dr. April 09 April 17 April 28 April 29 April 30 Store supplies Notes payable Payee Kitt Corp. City Bank Lite B. Dock 1210 211 1212 1213 214 Seth, Inc