Milner Co. uses special journals and a general journal. The following transactions occurred during May 2022.
May 1 M. Milner invested $48,000 cash in the business in exchange for common stock.
2 Sold merchandise to A. Belton for $6,340 cash. The cost of the merchandise sold was $4,200.
3 Purchased merchandise for $7,200 from E. Stein using check no. 101.
14 Paid salary to M. Hunt $700 by issuing check no. 102.
16 Sold merchandise on account to S. Spies for $900, terms n/30. The cost of the merchandise sold was $630.
22 A check of $9,000 is received from N. Feeney in full for invoice 101; no discount given.

Instructions
a. Prepare a multi-column cash receipts journal (see Illustration J.8) and a multi column cash payments journal (see Illustration J.15). (Use page 1 for each journal.)
b. Record the transaction(s) for May that should be journalized in the cash receipts journal and cash payments journal.