Milner Co. uses special journals and a general journal. The following transactions occurred during May 2017. May 1 M.Milner invested $47,000 cash in the business in exchange for common stock. 2 Sold merchandise to A. Belton for $5,300 cash. The cost of the merchandise sold was $3,551 3 Purchased merchandise for $8,530 from E. Stein using check no. 101. 14 Paid salary to M. Hunt $740 by issuing check no. 102. 16 22 Sold merchandise on account to S. Spies for $1,000, terms n/30. The cost of the merchandise sold was $670. A check of $8,190 is received from N. Feeney in full for invoice 101; no discount given. (a) (b) Prepare a multi-column cash receipts journal and and a multi-column cash payments journal. Record the transactions for May that should be journalized in the cash receipts journal and cash payments journal. Cash Receipts Journal Accour Receivab Date Account Credited Sales Ref. Cash Dr. Discounts Dr. 2017 > MILNER CO. Cash Payments Journal Date Ck. No. Account Debited Ref. 2017 Other Accounts Dr. Accounts Payable D Accounts Receivable Cr. Sales. Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. MILNER CO. Cash Payments Journal Account Debited Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr.