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Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the
Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Journal Date Transaction April 3 Sold merchandise costing $2,280 to J. Verland for $3,150 on credit, terms n/10. April 9 Sold merchandise costing $1,850 to Hope for $2,500 on credit subject to a $50 sales discount if paid within 60 days April 12 Sold merchandise costing $4,230 to Rodgers Company for $7,120 cash, invoice Number 4309. April 17 The company purchased $6,770 of merchandise on credit from Smith Company, terms n/10 April 20 Purchased $3,540 of merchandise on credit from Mountain Corporation, terms n/40 April 28 The company paid employee wages of $4,920 in cash. April 29 Sold merchandise costing $1,100 to J. Reddick for $1,350 cash. April 30 Paid salary of $4,800 to D. Gooden by issuing Check Number 932
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