Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used.

Ali Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November Nov. The company purchased $3,000 of merchandise on credit from Hart Co., terns n/20. 7 The company sold merchandise costing $792 on credit to J. Than for $870, subject to a $17 sales discount If paid by of the month. 9 The company borrowed $2,600 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $3,900 cash to the company. 18 The company sold merchandise costing $126 to B. Cox for $224 cash. 22 The company paid Hart Co. $3,000 cash for the serchandise purchased on November 27 The company received $853 cash from 3. Than in payment of the November 7 purchase 30. The company paid salaries of $1,500 in cash. Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory syste used. CASH RECEIPTS JOURNAL Accounts Sales Cash Dr. Disco Receivable. Sales Cr. Account Credited Cash Dr. Receivable. Sales Date Sold Dr. Accounts CA Inventory Cr