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Ali Company uses a sales joumal, purchases joumal, cash receipts joumal, cash payments journal, and generajoumai doumalia the following transactions that should be recorded in
Ali Company uses a sales joumal, purchases joumal, cash receipts joumal, cash payments journal, and generajoumai doumalia the following transactions that should be recorded in the cash receipts joumal November 3 The company purchased 54,000 of merchandise on creoit from -art concany, terms nl2s. November 7 The company sold merchandise costing 31,656 to 3. Than for s1, ied on crecit, subjete ta a sea sails tuscount November 9 if paid by the eompany borroned s2,750 cash by signing a note gayable to the cank. November 133. A11, the ominer, contributed 34,650 cash to the cancany. Novenber 18 the company sold merchandise costing s16a to 3 . Cox for sag cast. Movenber 22 The company paid Hart Company 54,600 cash for the nerchandise purchased on moveniber 3. Noverber 27 The company recelved $1,137 cash from J. Than in papment of the Moventier 7 gurchase Novenber 30 The conpany paid salaries of $2,990 in cast
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