b) Components of an accounting information system are: i) (i). iii) LO2. How are sales and cash receipts recorded in a manual accounting information system? a) Given the following transactions, indicate which journal (cash receipts or sales) the transaction should be recorded in. The sale of merchandise for cash. The sale of merehandise on account. b) Briefly explain the purpose of a subsidiary ledger for accounts receivable. LO3. How are purchases, cash payments, and other transactions recorded in a manual accounting information system? a) Given the following transactions, indicate which journal (cash payments or purchases) the transaction shoold be recorded in. The purchases of supplies on account. The purchases of sapplies with cash