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 $844 on credit to. Than for $928, subject to a $19 sales discount if paid by the end of the month 9 The company borrowed $2,650 cash by signing a note payable to the bank. 13. Ali, the owner, contributed $3,950 cash to the company. 18 The company sold merchandise costing $134 to B. Cox for $239 cash. 22 The company paid Hart Co. $3,200 cash for the merchandise purchased on November 3. 27 The company received $909 cash from . Than in payment of the November 7 purchase. 30 The company paid salaries of $1,600 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 Account Credited Sales Discount Dr. Accounts Receivable. Sales Cr Other Accounts Cr Cost of Goods Sold Dr Inventory Cr Date Cash Dr