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 $2,100 of merchandise on credit from Hart Co., terms n/20.
		7		The company sold merchandise costing $554 on credit to J. Than for $609, subject to a $12 sales discount if paid by the end of the month.
		9		The company borrowed $2,850 cash by signing a note payable to the bank.
		13		J. Ali, the owner, contributed $4,150 cash to the company.
		18		The company sold merchandise costing $88 to B. Cox for $157 cash.
		22		The company paid Hart Co. $2,100 cash for the merchandise purchased on November 3.
		27		The company received $597 cash from J. Than in payment of the November 7 purchase.
		30		The company paid salaries of $1,050 in cash.

Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used.

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 $2,100 of merchandise on credit from Hart Co., terms n/20 7 The company sold merchandise costing $554 on credit to J. Than for $609, subject to a $12 sales discount if paid by the end of the month. 9 The company borrowed $2,850 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $4,150 cash to the company 18 The company sold merchandise costing $88 to B. Cox for $157 cash 22 The company paid Hart Co. $2,100 cash for the merchandise purchased on November 3 27 The company received $597 cash from J. Than in payment of the November 7 purchase. 30 The company paid salaries of $1,050 in cash. Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used CASH RECEIPTS JOURNAL Accounts Cost of Goods Sold Dr Inventory Cr Sales Discount Dr. Receivable. Sales Cr. Other Account Credited ash Dr. Date Accounts Cr