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StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Payments Journal, and a General Journal. The following transactions occurred
StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Payments Journal, and a General Journal. The following transactions occurred during the month of September :
Sept. Purchased merchandise on credit for $ from Pacer Co
Sold merchandise on credit to J Namal for $ subject to a sales discount if paid by the end of the month. Cost, $
Borrowed $ by giving a note to the bank.
The owner, Dale Trent, invested an additional $ cash into the business.
Sold merchandise to B Baird for $ cash. Cost, $
Paid Pacer Co $ for the merchandise purchased on September
Received $ from J Namal in payment of the September purchase.
Paid salaries of $
Required:
Journalize the September transactions that should be recorded in the Cash Receipts Journal, assuming the perpetual inventory system. Enter the transactions in the order provided in the question.
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