R. Santiago Co. uses special journals and a general journal. The following transactions occurred during May 2014.

May 1	R. Santiago invested $45,405 cash in the business.
2	Sold merchandise to Lawrie Co. for $6,706 cash. The cost of the merchandise sold was $4,019.
3	Purchased merchandise for $6,752 from J. Moskos using check no. 101.
14	Paid salary to H. Rivera $519 by issuing check no. 102.
16	Sold merchandise on account to K. Stanton for $985, terms n/30. The cost of the merchandise sold was $641.
22	A check of $8,613 is received from M. Mangini in full for invoice 101; no discount given.

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(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 statement.)

R. SANTIAGO CO. Cash Receipts Journal
CR1
Date	Account Credited	Ref	Cash Dr.	Sales Discounts Dr.	Accounts Receivable Cr.	Sales Revenue Cr.	Other Accounts Cr.	Cost of Goods Sold Dr. Inventory Cr.
May 1May 2May 3May 14May 16May 22	Owners Cap.M. Mangini
May 1May 2May 3May 14May 16May 22	M. ManginiOwners Cap.
May 1May 2May 3May 14May 16May 22	M. ManginiOwners Cap.