Marx Supply uses a sales journal, a purchases journal, a cash receipted journal,
ID: 2487650 • Letter: M
Question
Marx Supply uses a sales journal, a purchases journal, a cash receipted journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of April 3 Purchased merchandise for $2,600 on credit from Seth, Inc,. terms 3/10, n/30. 9 Issued check no. 210 to Kitt Corp to buy store supplies for $416 12 Sold merchandise costing $466 on credit to C. Myra for $783. terms n/30 17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank 20 Purchased merchandise for $3,200 on credit from Lite, terms 3/10, n/30. 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 $1.550 to B. 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.Explanation / Answer
Cash Disbursement Journal Date CHk. No. Payee A/c Deposited Cash Cr. Inventory Cr. Other A/c Dr. A/c Payble Dr. 9-Apr 210 Kiti Corp. Supplies $416.00 17-Apr 211 Citi bank Note Payble $1,500.00 28-Apr 212 Lite $3,104.00 $3,104.00 29-Apr 213 B Salary $1,550.00 $1,550.00 30-Apr 214 Seth inc $2,600.00 $2,600.00