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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. Identify the journal in which each transaction should be recorded

Date Transaction Journal
Nov. 3 The company purchased $3,200 of merchandise on credit from Hart Co., terms n/20. Cash receipts journal
7 The company sold merchandise costing $840 on credit to J. Than for $1,000, subject to an $20 sales 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.

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