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Check my w Ali Co. 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 Journal Nov. 3 The company purchased $5,200 of merchandise on credit from Hart Co., terms n/20. ook The company sold merchandise costing $2,840 to J. Than for $3,000 on credit, subject to a $20 sales discount if paid by the end of the month. Hint 9 The company borrowed $5,750 cash by signing a note payable to the bank. Print 13 J. Ali, the owner, contributed $7,000 cash to the company. erences 8 The company sold merchandise costing $450 to B. Cox for $530 cash. 22 The company paid Hart Co. $5,200 cash for the merchandise purchased on November 3. 27 The company received $2,980 cash from J. Than in payment of the November 7 purchase 30 The company paid salaries of $4.850 in cash.