Sasser Company uses a sales journal, a cash receipts journal, and a general journal to record transactions with its customers. The cost of all merchandise sold was 70% of the sales price. July 2 Sold merchandise for $21,000 to B. Stine on account. Credit terms 2/10,n/30. Sales invoice No. 100 . July 5 Received a check for $800 from R. Hyatt in payment of his account. July 8 Sold merchandise to F. Wendel for $900 cash. July 10 Received a check in payment of Sales invoice No. 100 from B. Stine minus the 2% discount. July 15 Sold merchandise for $9,000 to J. Nott on account. Credit terms 2/10, n/30. Sales invoice No. 101. July 18 Borrowed $25,000 cash from United Bank signing a 6-month, 10% note. July 20 Sold merchandise for $18,000 to C. Karn on account. Credit terms 2/10, n/30. Sales invoice No. 102. July 25 Issued a credit memorandum for $600 to C. Karn as an allowance for damaged merchandise previously sold on account. July 31 Received a check from J. Nott for $5,000 as payment on account. Record the transactions in the cash receipts journal. (Record the transactions as presented in the problem.) 4 Attempts: 0 of 3 used Record the transactions in the cash receipts journal. (Record the transactions as presented in the problem.)