Exercise 7-07 a-b (Video) R. Carla Vista Co, uses special Journals and a general Journal. The following transactions occurred during May 2020. May 1 R. Carla Vista invested $46,400 cash in the business 2 Sold merchandise to Lawrie Co. for $6,640 cash. The cost of the merchandise sold was $3,850. Purchased merchandise for $7,030 from ). Moskos using check no. 101, Paid salary to H. Rivera $575 by issuing check no. 102. Sold merchandise on account to K. Stanton for $900, terms 1/30. The cost of the merchandise sold was $640. 22 A check of $9,060 is received from M. Mangini in full for involce 101; no discount given. 3 14 16 Prepare a multiple-column cash receipts journal and record the transactions for May that should be Journalized. (Record entries in the order presented in the produ statement.) R. CARLA VISTA CO. Cash Receipts Journal CRI Accounts Receivable Cr. Sales Discounts Dr. Sales Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. Cash Dr. Account Credited Ref. Date 2020 Show All