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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 $2,100 on credit from Seth, Inc., terms 2/10, n/30. | ||
9 | Issued check no. 210 to Kitt Corp. to buy store supplies for $336. | |||
12 | Sold merchandise costing $386 on credit to C. Myrs for $648, terms n/30. | |||
17 | Issued check no. 211 for $1,500 to pay off a note payable to City Bank. | |||
20 | Purchased merchandise for $2,700 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 $1,050 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 Inventory Date Ck. No Payee Account Debited Cash Cr. Other Accounts Dr. Accounts Payable DrStep by Step Solution
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