All Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November Nov. 3 The company purchased $3,400 of merchandise on credit from Hart Co., terns n/20. 7 The company sold merchandise costing 1897 on credit to J. Than for $986, subject to a $20 sales discount if paid by the end of the month. 9 The company borrowed 33, 325 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $4,625 Cash to the company 18 The company Sold merchandise costing $143 to 3 Cox for $255 cash. 22 The company paid Hart Co. $3,400 cash for the merchandise purchased on November 3. 27 The company received 3966 cash from ). Thanin payment of the November 7 purchase 30 The company paid salaries of $1,700 in cash Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used. CASH RECEIPTS JOURNAL Date cost of Goods Account Credited Other Deivable Sales Cash Dr. Discount Dr. Receivable. Sales Accounts Discount Dr. Receivable Sales Accounts CE Sold Dr. inventory Cr. | | |