All Co. 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. Nov. 3 The company purchased $4,300 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $1,135 to 3. Than for $1,247 on credit, subject to a $25 sales discount paid by the end of the month. 9 The company borrowed $3,480 cash by signing a note payable to the bank. 13 3. Ali, the owner, contributed $4,700 cash to the company. 18 The company sold merchandise costing $181 to B. Cox for $322 cash. 22 The company paid Hart Co. $4,300 cash for the merchandise purchased on November 3. 27 The company received $1,222 cash from ). Than in payment of the November 7 purchase. 30 The company paid salaries of $2,150 in cash. Other CASH RECEIPTS JOURNAL Sales Accounts Discount Dr. Receivable. Sales Cr. Cr. Cost of Goods Sold Dr. Inventory Cr. Account Credited Date Accounts Cr. Cash Dr