Exercise 7-7 (Part Level Submission) R. Santiago Co. uses special journals and a general journal. The following transactions occurred during May 2017. May 1 R. Santiago invested $49,500 cash in the business. 2 Sold merchandise to Lawrie Co. for $6,690 cash. The cost of the merchandise sold was $4,640. 3 purchased merchandise for $6,920 from Moskos using check no. 101. 14 Paid salary to H, Rivera $640 by issuing check no. 102. 16 sold merchandise on account to K. Stanton for $890, terms n/30. The cost of the merchandise sold was $625. 22 A check of $8,980 is received from M, Mangini in full for invoice 101; no discount given. w (a) 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 pra R. SANTIAGO CO Cash Receipts Journal Receivable Date Credited 2017 VIDEO NINILAREKORCIM