Ex 7-4 1 All Couses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November. Identify the journal in which each transaction should be recorded. Journal 10 ek Date Transaction Nov. 3 The company purchased $3200 of merchandise on credit from Hart Co.,terms n 20 7 The company sold merchandise costing $840 on Credit to J. Than for $1,000, subject to a $20 sales discount paid by the end of the month 9 The company borrowed $3,750 cash by signing a note payable to the bank 13 J. Ali, the owner, contributed $5,000 cash to the company 18 The company sold merchandise costing $250 to B. Cox for $330 cash 22 The company paid Hart Co. $3.200 cash for the merchandise purchased on November 3 27 The company received 5000 cash from J. Thanin payment of the November 7 purchase 30 The company paid salaries of $1.650 in cash. Print References