Refer to Exercise 7-10 and for each of the April transactions identify the journal in which it would be
recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal as illustrated in this chapter.
Louder 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.
Apr. 3 Purchased merchandise for $2,700 on credit from Acco, Inc., terms 1/10, n/30.
9 Issued check no. 210 to Major Corp. to buy store supplies for $436.
12 Sold merchandise costing $486 on credit to N. Rogers for $816, terms n/30.
17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank.
20 Purchased merchandise for $3,300 on credit from Factow, terms 1/10, n/30.
28 Issued check no. 212 to Factow to pay the amount due for the purchase of April 20, less the discount.
29 Paid salary of $1,675 to M. Robbins by issuing check no. 213.
30 Issued check no. 214 to Acco, Inc., to pay the amount due for the purchase of April 3.
Prepare headings for a cash disbursements journal like the one in Exhibit 7.11. Journalize the April transactions
that should be recorded in the cash disbursements journal.
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