May R. Sandhill invested $50,400 cash in the business. 1 2. Sold merchandise to Lawrie Co. for $6,550cash. The cost of the merchandise sold was $4,620. 3 Purchased merchandise for $7,600 from J. Moskos using checkno. 101. 14 Paid salary to H. Rivera $860 by issuing check no. 102. 16 Sold merchandise on account to K.Stanton for $925, terms n/30. The cost of the merchandise sold was $600. 22 A check of $8,520 is received from M. Mangini in full for invoice 101 ; no discount given. (a) Prepare a multiple-column cash receipts journal and record the transactionis for May that should be joumalized, (Record entries in the order presented in the problem statement.) Journal AccountsRecelvableCr.SalesRevenueCr.OtherAccounts.Cr.CostofGoodsSoldDr.InventoryCr