Saved Help Save & Exit Submit ABC Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal Journalize the following transactions that should be recorded in the cash receipts journal. Noy, 3 The company purchased $2,900 of merchandise on credit from Hart Co., terms n/20. 7 The company sold merchandise costing $765 to J. Than for $841 on credit, subject to a $17 sales discount if paid by the end of the month. 9 The company borrowed $2,800 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $4,100 cash to the company. 18 The company sold merchandise costing $122 to B. Cox for $217 cash. 22 The company paid Hart Co. $2,900 cash for the merchandise purchased on November 3. 27 The company received $824 cash from J. Than in payment of the November 7 purchase. 30 The company paid salaries of $1,450 in cash. Account Credited CASH RECEIPTS JOURNAL Accounts Sales Other Discount Dr. Receivable. Sales Cr. Cr. Accounts Cr. Date Cash Dr. Cost of Goods Sold Dr Inventory Cr