need 7-4

Exercise 7-3 Cash receipts journal Ali Co ayments journal, and general urnalize the following transactions All CO. uses a sales journal, purchases journal cash receipts ournal cash payments jour journal. Prepare a cash receipts journal like the one in Exhibit 7.7. Journalize the follow that should be recorded in the cash receipts journal. Nov. 3 The company purchased $3,200 of merchandise on credit from Hart Co., terms 7 The company sold merchandise costing $840 to J. Than for $1.000 on credit. sales discount if paid by the end of the month. 9 The company borrowed $3,750 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $5.000 cash to the company. 18 The company sold merchandise costing $250 to B. Cox for $330 cash. 22 The company paid Hart Co. $3,200 cash for the merchandise purchased on November 3. 27 The company received $980 cash from J. Than in payment of the November / purchase 30 The company paid salaries of $1.650 in cash. 000 on credit, subject to a $20 Exercise 7-4 Identifying journal of entry P1 P2 P3 P4 Refer to Exercise 7-3 and for each of the transactions identify the journal in which it would be recon Assume the company uses a sales journal, purchases journal, cash receipts journal, cash payments joc and general journal. s