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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
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. April 3 Purchased merchandise for $2,300 on credit from Seth, Inc., terms 2/10, n/3e 9 Issued check no. 210 to Kitt Corp. to buy store supplies for $368 12 Sold merchandise costing $418 on credit to C. Myrs for $702, terms n/3 17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank 20 Purchased merchandise for $2,900 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 29 Paid salary of $1,250 to B. Dock by issuing check no. 213 30 Issued check no. 214 to Seth, Inc, to pay the amount due for the purchase of April 3 Journalize the April transactions that should be recorded in the cash disbursements journal assuming the perpetual inventory system is used. CASH DISBURSEMENTS JOURNAL Other Inventory Accounts Payable Dr. Date Ck. No Payee Account Debited Cash Cr Cr. Dr
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