Ali Co, uses a sales journal, purchases journal, cash receipts journal, cash payments journal and general journal. Identify the journal in which each of the transactions should be recorded. Journal Date Transaction Nov 1 Borrowed 56,750 cash by signing a note payable to Chase Bank. 3 Purchased $2,740 of merchandise on credit from Kirkpatrik, terms 1/15 7 Sold merchandise costing $5,320 to Rodgers Co. for $8.120 cash, invoice no. 4300 14 Sold used store machinery (noninventory) for $3,432 cash to Lowry Corp. 17 Paid Kirkpatrik $2,740 cash for the merchandise purchased on Nov. 3. 19 The company paid Weeks Co. $5,310 cash for the merchandise purchased on October 27 20 Sold merchandise costing $2,900 to P. Chryst for $2,350 on credit, terms n/20. 27 The company paid salaries and wages of $3,690 in cash