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StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred
StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of September 2020: Sept. 3 Purchased merchandise on credit for $6,200 from Pacer Co. Sept. 7 Sold merchandise on credit to J. Namal for $1,800, subject to a 2% sales discount if paid by the end of the month. Cost, $1,000. Sept. 9 Borrowed $5,500 by giving a note to the bank. Sept. 13 The owner, Dale Trent, invested an additional $7,000 cash into the business Sept. 18 Sold merchandise to B. Baird for $460 cash. Cost, $280. Sept. 22 Paid Pacer Co. $6,200 for the merchandise purchased on September 3. Sept. 27 Received $1,764 from J. Namal in payment of the september 7 purchases Sept. 30 Paid salaries of $3200 Journalise the september transaction that should be recorded in the cash receipt journal. assuming the periodic inventory system
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