Using the Sales and Cash Receipts Journals You own and operate a business that sells goods to other businesses. You allow established customers to buy goods from you on account, meaning you let them charge purchases and offer terms of 2/10,n/30. Record the following transactions in the sales journal and cash receipts journal: Jan. 3 Sales on credit to VJ Armitraj, Ltd., amount of \$7,200, Invoice \# 317745 Jan. 9 Sales on credit to M. Baghdatis Inc., amount of $5,200, Invoice \# 317746 Jan. 16 Receive $7,200 from VJ Armitraj, Ltd. (did not receive during the discount period) Jan. 17 Sales on credit to A. Ashe Inc., amount of $3,780, Invoice \#317747 Jan. 18 Receive the full amount owed from M. Baghdatis Inc. within the discount period