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All Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be

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All 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. Date Account Credited Cash Debit CASH RECEIPTS JOURNAL Sales Discount Debit Accounts Receivable Credit Sales Credit Other Accounts Credit Cost of Goods Sold Debit Inventory Credit November 09 Notes payable November 13 J. Ali, Capital November 18 November 27 Sales J. Than

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