Cole Co. uses special journals and a general journal. The following transactions occurred during May 2012.

May 1 R. Cole invested $60,000 cash in the business in exchange for common stock.
2 Sold merchandise to J. Simon for $6,000 cash. The cost of the merchandise sold was $4,200.
3 Purchased merchandise for $9,000 from L. M. Howe using check no. 101.
14 Paid salary to S. Little $700 by issuing check no. 102.
16 Sold merchandise on account to B. Jones for $900, terms n/30. The cost of the merchandise sold was $630.
22 A check of $9,000 is received from R. Wyatt in full for invoice 101; no discount given.

Instructions
  (a) Draw a multiple-column cash receipts journal (see Illustration G-8) and a multiplecolumn cash payments journal (see Illustration G-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.