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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

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 $4,700 of merchandise on credit from Hart Co., terms n/20.
7 The company sold merchandise costing $1,240 on credit to J. Than for $1,363, subject to a $27 sales discount if paid by the end of the month.
9 The company borrowed $2,950 cash by signing a note payable to the bank.
13 J. Ali, the owner, contributed $4,250 cash to the company.
18 The company sold merchandise costing $197 to B. Cox for $351 cash.
22 The company paid Hart Co. $4,700 cash for the merchandise purchased on November 3.
27 The company received $1,336 cash from J. Than in payment of the November 7 purchase.
30 The company paid salaries of $2,350 in cash.

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

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