Seved 53 All Co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of November Now 3 The company purchased $2,700 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $713 on credit to 3. Than for $783, subject to a $16 sales discount if paid by the end of the month. 9 The company borrowed $3,325 cash by signing a note payable to the bank. 13 3. All, the owner, contributed $4,625 cash to the company. 18 The company sold merchandise costing $113 to B. Cox for $201 cash. 22 The company paid Hart Co. $2,700 cash for the merchandise purchased on November 3. 27 The company received $767 cash from 3. Than in payment of the November 7 purchase. 30 The company paid salarles of $1,350 in cash. Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used. CASH RECEIPTS JOURNAL Accounts Cost of Goods Account Date Cash Dr. Credited Sales Discount Dr. Receivable Sales Cr Cr Other Accounts Ct Sold Dr. Inventory Cr