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 3 The company purchased $3,200 of merchandise on credit from Hart Company, terms n/20.

November 7 The company sold merchandise costing $840 to J. Than for $1,000 on credit, subject to a $20 sales discount if paid by the end of the month.

November 9 The company borrowed $3,750 cash by signing a note payable to the bank.

November 13 J. Ali, the owner, contributed $5,000 cash to the company.

November 18 The company sold merchandise costing $250 to B. Cox for $330 cash.

November 22 The company paid Hart Company $3,200 cash for the merchandise purchased on November 3.

November 27 The company received $980 cash from J. Than in payment of the November 7 purchase.

November 30 The company paid salaries of $1,650 in cash.

CASH RECEIPTS JOURNAL

Date Account Credited Cash Debit Sales Discount Debit Accounts Receivable Credit Sales Credit Other Accounts Credit Cost of Goods Sold Debit Inventory Credit