Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a cash payments journal. Journalize the following 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. 9 Issued Check No. 210 to Kitt Corp. to buy store supplies for $650. 12 Sold merchandise costing $500 to C. Myrs for $770 on credit, terms n/30. 17 Issued Check No. 211 for $1,400 to pay off a note payable to City Bank. 20 Purchased merchandise for $4,500 on credit from Lite, terms 2/10, n/30. 28 Issued Check No. 212 to Lite to pay the amount due for the April 20 purchase less the $90 discount. 29 Paid salary of $1,800 to B. Dock by issuing Check No. 213. 30 Issued Check No. 214 to Seth, Inc., for $2,950 to pay for the April 3 purchase.
Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and
general journal. Prepare a cash payments journal. Journalize the following
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.
9 Issued Check No. 210 to Kitt Corp. to buy store supplies for $650.
12 Sold merchandise costing $500 to C. Myrs for $770 on credit, terms n/30.
17 Issued Check No. 211 for $1,400 to pay off a note payable to City Bank.
20 Purchased merchandise for $4,500 on credit from Lite, terms 2/10, n/30.
28 Issued Check No. 212 to Lite to pay the amount due for the April 20 purchase less the $90 discount.
29 Paid salary of $1,800 to B. Dock by issuing Check No. 213.
30 Issued Check No. 214 to Seth, Inc., for $2,950 to pay for the April 3 purchase.

Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images









