Question

Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash payments journal. April 3 Purchased merchandise for $3,400 on credit from Seth, Inc., terms 1/10, n/30. 9 Issued check no. 210 to Kitt Corp. to buy store supplies for $544. 12 Sold merchandise costing $594 to C. Myers for $998 on credit, terms n/30. 17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank. 20 Purchased merchandise for $4,000 on credit from Lite, terms 1/10, n/30. 28 Issued check no. 212 to Lite to pay the amount due for the purchase of April 20 less the discount of $40. 29 Paid salary of $2,350 to B. Dock by issuing check no. 213. 30 Issued check no. 214 to Seth, Inc., $3,400 to pay for the April 3 purchase.
Journalize the April transactions that should be recorded in the cash disbursements journal assuming the perpetual inventory system is used.

Answer 1

Answer:

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Explanation:

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