R. Sandhill Co. uses special journals and a general journal. The following transactions occurred during May 2022. May 1 2 3 14 16 22 (a) R. Sandhill invested $50,300 cash in the business. Sold merchandise to Lawrie Co. for $5,910 cash. The cost of the merchandise sold was $4,220. Purchased merchandise for $6,920 from J. Moskos using check no. 101. Paid salary to H. Rivera $615 by issuing check no. 102. Sold merchandise on account to K. Stanton for $960, terms n/30. The cost of the merchandise sold was $650. A check of $8,520 is received from M. Mangini in full for invoice 101; no discount given. Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) Date 2022 Account Credited Ref. Cash Dr. R. SANDHILL CO Cash Receipts Jou Sales Discounts Dr.

May R, Sandhill invested $50,300 cash in the business. 2. Sold merchandise to Lawrie Co, for $5,910cash. The cost of the merchandise sold was $4,220. 3 Purchased merchandise for $6,920 from J. Moskos using check no. 101 14 Paid salary to H. Rivera $615 by issuing check no. 102. 16 Sold merchandise on account to K. 5 tanton for $960, terms n/30. The cost of the merchandise sold was 5650 , 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 transactions for May that should be journalized. (Record entries in the order presented in the problem stotement.)