Exercise 7-4 (Algo) Identifying journal of entry LO P1, P2, P3, P4 All Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction November 1 Issued check number 231 to Davis Corporation to buy office supplies for $450. November 3 Paid salary of $4,800 to D. Gooden by issuing check number 932. November 4 The company paid Weeks Company $4.310 cash for the merchandise purchased on October 27. November 11 Purchased $5,670 of merchandise on credit from Sanders Corporation terms n/30. November 17 Sold merchandise costing $5,350 to M. Plumlee for $8,450 on credit, terms 2/15, n/45, invoice number 2334. November 22 Sold merchandise costing $870 to S. Hawes for $960 cash, invoice number 2891. November 24 Sold used store machinery (noninventory) for $2,342 cash to Lowry Corporation. November27 The company paid salaries of $1,650 in cash. Journal