Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journali
ze 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.
Journalize the April transactions that should be recorded in the cash disbursements journal assuming the perpetual inventory system is used.
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