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 | 3 | Purchased merchandise for $2,300 on credit from Seth, Inc., terms 2/10, n/30. | ||
9 | Issued check no. 210 to Kitt Corp. to buy store supplies for $368. | |||
12 | Sold merchandise costing $418 on credit to C. Myrs for $702, terms n/30. | |||
17 | Issued check no. 211 for $1,500 to pay off a note payable to City Bank. | |||
20 | Purchased merchandise for $2,900 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 $1,250 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.
Marx Supply uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements...
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 $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...
- UNU THU TU-442 PM new Ict.mheducation.com data - 2019 Fall Huselid's ... Untitled Chapter 7 ASSIGNMENT GNMENT G Help Save & Exit Submit Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Journal Date Transaction April 3 Purchased merchandise for $2,950 on credit from Seth, Ino, terms 2/10, 9 Issued check no. 210 to Kitt Corp. to buy store...
Finer Company 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 May 2 Sold nerchandise costing $260 to B. Facer for $390 cash, invoice no. 5703. 5 Purchased $2,950 of merchandise on credit from Marchant Corp. 7 Sold nerchandise costing $702 to J. Dryer for $1,018, terms 2/10, n/30, invoice no. 5704 8 Borroved $8,000 cash by signing a note payable to...
Peachtree Company 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 May. May 1 Purchased $12,600 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $1,000 on credit to G. Seles for $2,000 subject to a $35 sales discount if paid by the end of the month. 14 Purchased $290 of store supplies from Chang Company on credit,...
Finer Company 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 May. May. 2 Sold merchandise costing $400 to B. Facer for $600 cash, invoice no. 5703. 5 Purchased $2,450 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $1,080 to J. Dryer for $1,566, terms 2/10, n/30, invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable...
Peachtree Company 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 May. May 1 Purchased $10,100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $900 on credit to G. Seles for $1,500 subject to a $30 sales discount if paid by the end of the month. 14 Purchased $240 of store supplies from Chang Company on...
Ali Co. 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 November. Nov. 3 The company purchased $3,200 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $840 on credit to J. Than for $1,000, subject to a $20 sales discount if paid by the end of the month. 9 The company borrowed $3,750 cash by...
Quiz 7-3 Finer Company uses a sales journal, a purchases journal, a cash recelpts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May 2 Sold merchandise costing $400 to B. Facer for $600 cash, invoice no. 5703 5 Purchased $2,8ee of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $1,08e to J. Dryer for $1,566, terms 2/10, n/30, invoice no. 5784. 8 Borrowed $8,000 cash by signing a note...
Ali Co. 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 November Nov. 3 The company purchased $3,300 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $871 on credit to ). Than for $957, subject to a $19 sales discount if paid by the end of the month. 9 The company borrowed $2,825 cash by...
Greenleaf Company 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. June 3 Issued Check No. 380 to Skipp Corp. to buy office supplies for $495. 5 Purchased merchandise for $5,800 on credit from Buck Co., terms n/15. 20 Issued Check No. 381 for $5,800 to Buck Co. to pay for the purchase of June 5. 23 Paid salary of $7,400...