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:

Required

On a sheet of notebook paper, draw a multicolumn cash receipts journal like the one that appears in Exhibit AII.10. Journalize the September transactions that should be recorded in the cash receipts journal.

All.10

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Purchased merchandise on credit for $6,200 from Pacer Co. 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. Borrowed $5,500 by giving a note to the bank. 13 Sept. The owner, Dale Trent, invested an additional $7,000 cash into the business. Sold merchandise to B. Baird for $460 cash. Cost, $280. 22 18 Paid Pacer Co. $6,200 for the merchandise purchased on September 3. 27 Received $1,764 from J. Namal in payment of the September 7 purchase. Paid salaries of $3,200. 30