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 $3,280 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $840 to J. Than for $1,000 on credit, subject to a $28 sales discount if paid by the end of the month. 9 The company borrowed $3,758 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. CASH RECEIPTS JOURNAL Sales Accounts Cost of Goods Cash Dr. Other Discount De Receivable. Sales Cr. Accounts CF Sold Dr. Inventory Cr. Date Account Credited Discount Dr. Cr