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Please help complete the rest of the sheet. Ali Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.
Please help complete the rest of the sheet.
Ali 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. November 3 The company purchased $4,300 of merchandise on credit from Hart Company, terms n/20. November 7 The company sold merchandise costing $1,135 to J. Than for $1,247 on credit, subject to a $25 sales discount if paid by the end of the month. November 9 The company borrowed $3,350 cash by signing a note payable to the bank. November 13J. Ali, the owner, contributed $4,650 cash to the company. November 18 The company sold merchandise costing $181 to B. Cox for $322 cash. November 22 The company paid Hart Company $4,300 cash for the merchandise purchased on November 3 . November 27 The company received $1,222 cash from J. Than in payment of the November 7 purchase. November 30 The company paid salaries of $2,150 in cashStep by Step Solution
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