n&ilACE 201 202) EANARD VIEWPHINTER VIRSION BACK Exercise 7-7 (Part Level Submission) R. Santiago Co. uses special journals and a general journal. The following transactions occurred during May 2017 May1 R. Santiago invested $45,600 cash in the business. 2 Sold merchandise to Lawrie Co. for $6,440 cash. The cost of the merchandise sold was $4,160. 3 Purchased merchandise for $6,780 from J. Moskos using check no. 101. 14 Paid salary to H. Rivera $065 by issuing check no. 102 n/30. The cost of the merchandise sold was $505 22 A check of $8,830 is received from M. Mangini in full for invoice 101; no discount given ? (a) re a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the statement.) entries in the order presented in the problem R. SANTIAGO CO. Cash Receipts Journal CR1 Account Credited Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr Other Accounts Cr. Cost of Goods Sole Dr Inventory Cr Date Ref. 2017 LINK TO TEX VIDEO SIMLAR EXERCISE Attempts: 0 of 3 used sAVE FOR LAE