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. Myrs 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 29 Paid salary of $2,350 to B. Dock by 30 Issued check no. 214 to Seth, Inc., the amount due for the purchase of April 20 less the discount of $40. issuing check no. 213. $3,400 to pay for the April 3 purchase.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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. Myrs 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
29 Paid salary of $2,350 to B. Dock by
30 Issued check no. 214 to Seth, Inc., $3,400 to pay for the April 3 purchase.
Date
Ck. No
Payee
the amount due for the purchase of April 20 less the discount of $40.
issuing check no. 213.
CASH PAYMENTS JOURNAL
Cash Cr.
Account Debited
Inventory Cr.
Other
Accounts Dr.
Accounts
Payable Dr.
Transcribed Image Text: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. Myrs 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 29 Paid salary of $2,350 to B. Dock by 30 Issued check no. 214 to Seth, Inc., $3,400 to pay for the April 3 purchase. Date Ck. No Payee the amount due for the purchase of April 20 less the discount of $40. issuing check no. 213. CASH PAYMENTS JOURNAL Cash Cr. Account Debited Inventory Cr. Other Accounts Dr. Accounts Payable Dr.
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