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All Company uses a sales journal, purchases joumal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded
All Company uses a sales journal, purchases joumal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. Novenber 3 the company purchased 34,700 of nerchandise on credit fron Hart Comany, teras n/2a. Novenber 7 The congany sold nerchandise costing $1,240 to J. Than for $1,363 on credit, subject to a $27 sates discount if paid by the end of the eonth. Novenber 9 The company borroved 52,975 cash by signing a note payable to the bank. Novenber 13 3. Ali, the omer, contributed $4,275 cash to the conpany. Novenber 18 The conpany sold nerchandise costing $197 to B. Cox for 3351 cash. Novenber 22 The company paid Hart Conpany 14,7e0 cash for the merchandise purchased on Novenber 3. Novesber 27. The company received 31,336 cash fron J. Than in paynent of the Novenber 7 purchase. Novenber 30 The conpany paid salaries of $2,350 in cash
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