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 $840 on credit to J. Than for $1,000, subject to a $20 sale discount if paid by the end of the month.

9 The company borrowed $3,750 cash by signing a note payable to the bank.

13 J. Ali, the owner, contributed $5,000 cash to the company.

18 The company sold merchandise costing $250 to B. Cox for $330 cash.

22 The company paid Hart Co. $3,200 cash for the merchandise purchased on November 3.

27 The company received $980 cash from J. Than in payment of the November 7 purchase.

30 The company paid salaries of $1,650 in cash.

Prepare headings for a cash receipts journal like the one in exhibit 7.7 (Principles of Financial Accounting Ed. 22 Wild). Journalize the November transactions that should be recorded in the cash receipts journal.