Exercise 7-3 Cash receipts journal-perpetual LO P1

Ali Co. uses 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.

Nov. 3		The company purchased $2,100 of merchandise on credit from Hart Co., terms n/20.
7		The company sold merchandise costing $554 on credit to J. Than for $609, subject to an $12 sales discount if paid by the end of the month.
9		The company borrowed $3,150 cash by signing a note payable to the bank.
13		J. Ali, the owner, contributed $4,450 cash to the company.
18		The company sold merchandise costing $88 to B. Cox for $157 cash.
22		The company paid Hart Co. $2,100 cash for the merchandise purchased on November 3.
27		The company received $597 cash from J. Than in payment of the November 7 purchase.
30		The company paid salaries of $1,050 in cash.

Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used.