Xlll. 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. [25 Points] I Journal Transaction Purchased $3,640 of merchandise on credit from Mountain Corp, terms n/40. The company purchased $6,870 of merchandise on credit from Smith Co., terms n/20. Paid salary of $2,880 to R. Allen by issuing check no. 239. The company borrowed $4,600 cash by signing a note payable to the Utah Bank. The owner contributed $5,260 cash to the company. Sold merchandise costing $2,370 to E. Turner for $3,180 on credit, terms 2/10, n/30, invoice no. 3782. The company paid Smith Co. $6,870 cash for the merchandise purchased on April 9. Sold merchandise costing $1,540 to D. Adams for $2,260 cash, invoice no. 8901