Li Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal.

May $1$ C$.$ Li$,$ the owner, contributed $$9,400$ cash to the company.

May $7$ The company purchased $$5,400$ of merchandise on credit from Gomez, terms $\frac{n}{30}.$

May $9$ The company sold merchandise costing $$500$ to $E.$ James for $$600$ on credit, terms $\frac{n}{10}.$

May $15$ The company borrowed $$2,000$ cash by signing a note payable to the bank.

May $18$ The company received $$600$ cash from E$.$ James in payment of the May $9$ purchase,

May $24$ The company sold merchandise costing $$250$ to B$.$ Cox for $$300$ cash.

$\backslash$table$[[$CASH RECEIPTS JOURNAL$],[$Date$,$Account Credited,Cash Debit,$\backslash$table$[[$Sales Discount$],[$Debit$]],\backslash$table$[[$Accounts$],[$Receivable$],[$Credit$]],$Sales Credit,$\backslash$table$[[$Other Accounts$],[$Credit$]],\backslash$table$[[$Cost of Goods Sold$],[$Debit Inventory Credit$]]],[,,,,,,,],[,,,,,,,],[,,,,,,,],[,,,,,,,7],[,,,,,,,],[,,,,,,,],[,,,,,,,]]$