Refer to Exercise 7-7 and for each of the transactions identify the journal in which it would be recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,

and general journal.

Exercise 7-7 Cash payments journal P4 Exercise 7-8 Identifying journal of entry P1 P2 P3 P4 Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal general journal. Prepare a cash payments journal like the one in Exhibit 7.11. Journalize the follow transactions that should be recorded in the cash payments journal. Apr. 3 Purchased merchandise for $2,950 on credit from Seth, Inc., terms 2/10, n/30. Issued Check No. 210 to Kill Corp. to buy store supplies for $650. 9 12 17 Sold merchandise costing $500 to C. Myrs for $770 on credit. terms n/30. Issued Check No. 211 for $1,400 to pay off a note payable to City Bank. Purchased merchandise for $4.500 on credit from Lite, terms 2/10. n/30. Issued Check No. 212 to Lite to pay the amount due for the April 20 purchase less the 590 discoun Paid salary of $1,800 to B. Dock by issuing Check No. 213. Issued Check No. 214 to Seth. Inc.. for $2.950 to pay for the April 3 purchase. 20 28 29 30 Refer to Exercise 7-7 and for each of the transactions identify the journal in which it would be recorded Assume the company uses a sales journal, purchases journal, casti receipts journal, cash payments journal und general journal