7 Homework Marx Supply uses a sales journal, a purchases journal, a cash receipts jounal,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
7 Homework Marx Supply uses a sales journal, a purchases journal, a cash receipts jounal, a cash disbursements journal, and a general journal. The following transactions occur in the morth of April. April 3 Purchased nerchandise for $3,800 on credit from Seth, Inc., terms 1/1, n/30. 9 Issued check no.210 to Kitt Corp. to buy store supplies for $688. 12 Sold merchandise costing $658 on credit to C. Myrs for $1,1e5, terms n/30. 17 Issued check no. 211 for $1,580 to pay off a note payable to City Bank 28 Purchased merchandise for $4,400 on credit from Lite, terms 1/18, n/38. 28 Issued check no. 212 to Lite to pay the amount due for the purchase of April 20 less the discount 29 Paid salary of $2,750 to 8. Dock by issuing check no. 213. 30 Issued check no. 214 to Seth, Inc., to pay the amount due for the purchase of April 3. Journalize the April transactions that should be recorded in the cash disbursements journal assuming the perpetual inventory system is used. CASH DISBURSEMENTS JOURNAL Other Accounts Payable Dr Date
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
