*Exercise 7-07 a-b (Video) R. Ivanhoe Co. uses special journal May 1 R. Ivanhoe invested $46,400 cash in the business Is and a general journal. The following transactions occurred during May 2020. 2 Sold merchandise to Lawrie Co. for $5,830 cash. The cost of the merchandise sold was $4,0 3 Purchased merchandise for $7,170 from J. Moskos using check no. 101. 14 Paid salary to H. Rivera $725 by issuing check no. 102. 16 Sold merchandise on account to K. Stanton for $820, terms n/30. The cost of the merchandise sold was $645 22 A check of $9,240 is received from M. Mangini in full for invoice 101; no discount given 50. 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 problem statement. R. IVANHOE CO. Cash Receipts Journal CR1 Cost of Goods Sold Dr. Inventory Cr. Sales Accounts Sales Other Discounts Receivable Revenue Accounts Account Date Credited Cash Dr. Cr. Cr. Ref.Dr. 2020 Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. IVANHOECO. Cash Payments Journal CP1 Ck. No. Ret. Other Accounts Accounts PayableInventory Date Account Debited Cash Cr. Dr. Dr. Cr 2020 Question Attempts: O of 3 used