Exercise 7-3 Cash receipts journal-perpetual LO P1 All Co. uses a sales journal, a purchases journal, a cash recelpts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November. Nov. 3 The company purchased $4,500 of merchandise on credie from Bart Co., terma n/20. 7 The company sold merchandise costing $1,188 on credit to J. Than for $1,305, subject to a $26 sales discount if paid by the end of the month. 9 The company borroved $2,900 cash by signing a note payable to the bank 13 J. A1i, the owner, contributed $4,200 cash to the company. 18 The company sold merchandise costing $189 to B. Cox for $336 cash. 22 The company paid Hart Co. $4,500 cash for the merchandise purchased on November 3. 27 The company received $1,279 cash from J. Than in payment of the November 7 purchase . 3 0 The company paid salaries of $2,250 in cash. Journalize the November transactions that should be recorded in the cash receipts Journal assuming the system is used. perpetual Inve EC Account Sales Receivable. Sales Cr. Cr. Sales Cr. Other Cost of Cash Dr Cash Dr. Discount Dr Sold Dr Cr Cr. Prex 4017H1 Next > 2 2