Help Save & Exit Check Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction Journal Nov. 3 The company purchased $4,200 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $1,840 to J. Than for $2,000 on credit, subject to a $20 sales discount if paid by the end of the month 9 The company borrowed 54.750 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $6,000 cash to the company 18 The company sold merchandise costing $350 to B. Cox for $430 cash 22 The company paid Hart Co. $4,200 cash for the merchandise purchased on November 3 27 The company received $1.980 cash from J. Than in payment of the November 7 purchase 30 The company paid salaries of $3,650 in cash