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Ali Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded
Ali Company 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.
November The company purchased $ of merchandise on credit from Hart Company, terms n
November The company sold merchandise costing $ to J Than for $ on credit, subject to a $ sales discount if paid by the end of the month.
November The company borrowed $ cash by signing a note payable to the bank.
November Ali, the owner, contributed $ cash to the company.
November The company sold merchandise costing $ to Cox for $ cash.
November The company paid Hart Company $ cash for the merchandise purchased on November
November The company received $ cash from J Than in payment of the November purchase.
November The company paid salaries of $ in cash.
tableCASH RECEIPTS JOURNAL,DateAccount Credited,tableCashDebittableSalesDiscountDebittableAccountsReceivableCredittableSalesCredittableOtherAccountsCredittableCost of GoodsSold DebitInventoryCredit
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