Hi I need assistance with this question. Pherigo Co. uses special journals and a general journal. The following transactions occurred during May 2010. May 1 I. Pherigo invested $50,000 cash in the business. 2 Sold merchandise to B. Sherrick for $6,300 cash. The cost of the merchandise sold was $4,200. 3 Purchased merchandise for $7,200 from J. DeLeon using check no. 101. 14 Paid salary to H. Potter $700 by issuing check no. 102. 16 Sold merchandise on account to K. Kimbell for $900, terms n/30. The cost of the merchandise sold was $630. 22 A check of $9,000 is received from M. Moody in full for invoice 101; no discount given. Instructions Complete the multiple-column cash receipts journal and a multiple column cash payments journal. Record the transaction(s) for May that should be journalized in the cash receipts journal and cash payments journal. (List transactions in order of occurrence. If there is no transaction, enter NA as the account and 0 for the amount.)