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 $3,250 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $4,550 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. Account Credited CASH RECEIPTS JOURNAL Accounts Sales Other Receivable. Sales Cr. Discount Dr. Accounts Cr. Cr. Date Cash Dr. Cost of Goods Sold Dr. Inventory Cr