Exercise $7-3$ Cash receipts journal $$ P$2$

Ali Co$.$ uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a cash receipts journal like the one in

Exhibit $7\mathrm{.}7.$ Journalize the following transactions that should be recorded in the cash receipts journal.

Nov. $3$ The company purchased $$3,200$ of merchandise on credit from Hart Co$.,$ terms $\frac{n}{20}.$

$7$ 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.

$9$ The company borrowed $$3,750$ cash by signing a note payable to the bank.

$13J.$ 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 $$980$ cash from J$.$ Than in payment of the November $7$ purchase.

$30$ The company paid salaries of $$1,650$ in cash.