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 $11,400 cash to the company.
May 7	The company purchased $7,400 of merchandise on credit from Gomez, terms n/30.
May 9	The company sold merchandise costing $1,000 to E. James for $1,100 on credit, terms n/10.
May 15	The company borrowed $7,000 cash by signing a note payable to the bank.
May 18	The company received $1,100 cash from E. James in payment of the May 9 purchase.
May 24	The company sold merchandise costing $750 to B. Cox for $800 cash.

\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ CASH RECEIPTS JOURNAL } \\ \hline Date & Account Credited & Cash Debit & \begin{tabular}{l} Sales Discount \\ Debit \end{tabular} & \begin{tabular}{c} Accounts \\ Receivable \\ Credit \end{tabular} & Sales Credit & \begin{tabular}{l} Other Accounts \\ Credit \end{tabular} & \begin{tabular}{l} Cost of Goods Sold \\ Debit Inventory Credit \end{tabular} \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline \end{tabular}