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Unit 4 Test Chapter 7 and 8
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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 $2,400 on credit from Seth, Incorporated, terms 210,n30.
April 9 Issued Check Number 210 to Kitt Corporation to buy store supplies for $384.
April 12 Sold merchandise costing $434 to C. Myrs for $729 on credit, terms n30.
April 17 Issued Check Number 211 for $1,500 to pay off a note payable to City Bank.
April 20 Purchased merchandise for $3,000 on credit from Lite, terms 210,n30.
April 28 Issued Check Number 212 to Lite to pay the amount due for the April 20 purchase less the $60 discount.
April 29 Paid salary of $1,350 to B. Dock by issuing Check Number 213.
April 30 Issued Check Number 214 to Seth. Incorporated, for $2,400 to pay for the April 3 purchase.
\table[[,CASH PAYMENTS JOURNAL,,],[Date,\table[[Check],[Number]],Payee,Account Debited,Cash Credit,\table[[Inventory],[Credit]],\table[[Other],[Accounts],[Debit]],\table[[Accounts],[Payable Debit]]],[,,,,,,,],[,,,,,,,],[,,,,Y,,,],[,,,,,,,],[,,,.,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,]]
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