Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal.

Nov.		3		The company purchased $3,400 of merchandise on credit from Hart Co., terms n/20.
		7		The company sold merchandise costing $897 to J. Than for $986 on credit, subject to a $20 sales discount if paid by the end of the month.
		9		The company borrowed $2,550 cash by signing a note payable to the bank.
		13		J. Ali, the owner, contributed $3,850 cash to the company.
		18		The company sold merchandise costing $143 to B. Cox for $255 cash.
		22		The company paid Hart Co. $3,400 cash for the merchandise purchased on November 3.
		27		The company received $966 cash from J. Than in payment of the November 7 purchase.
		30		The company paid salaries of $1,700 in cash.

CASH RECEIPTS JOURNAL
Date	Account Credited	Cash Dr.	Sales Discount Dr.	Accounts Receivable. Cr.	Sales Cr.	Other Accounts Cr.	Cost of Goods Sold Dr. Inventory Cr.