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. The company purchased $2,800 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costine $739 to ). Than for $812 on credit, subject to a $16 sales discount If paid by the end of the month, 9 The company borrowed $2,100 cash by signing a note payable to the bank. 13 ). Ali, the owner, contributed $4,400 cash to the company. 18 The company sold merchandise costing $118 to 8. cox for $210 cash. 22 The company paid Hart Co. $2,800 cash for the merchandise purchased on November 3. 27 The company received $796 cash from ). Than in payment of the November 7 purchase. 10 The company paid salaries of $1,400 in cash. CASH RECEIPTS JOURNAL Accounts Sales Receivable. Sales Cr. Discount Dr. Cr. Account Credited Date Cash Dr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr