Exercise 7-6 Cash disbursements journal-perpetual LO P1 Marx Supply uses a sales journal, a purchases...
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Exercise 7-6 Cash disbursements journal-perpetual LO P1 Marx Supply uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of April. April 3Purchased 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 on credit to c. Myrs for $770, terms/30 7 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 purchase of April 20 less the discount 29 Paid salary of $1,800 to B. Dock by issuing check no. 213 0 Issued check no. 214 to Seth, Inc., to pay the amount due for the purchase of April 3 Journal ize the April transactions that should be recorded in the cash disbursements journal assuming the perpetual ventory system is used. CASH DISBURSEMENTS JOURNAL debited Cash Cr. Inventory Other Accounts Cr Account Date Ck. No Payee Dr Dr
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