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 $4,000 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $1,056 on credit to J. Than for $1,160, subject to a $23 sales discount if paid by the end of the month. 9 The company borrowed $2,625 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $3,925 cash to the company. 18 The company sold merchandise costing $168 to B. Cox for $299 cash. 22 The company paid Hart Co. $4,000 cash for the merchandise purchased on November 3. 27 The company received $1,137 cash from J. Than in payment of the November 7 purchase. 30 The company paid salaries of $2,000 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. Accounts Cr Cost of Goods Sold Dr. Date Cash Dr