Question: thanks Ali Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be

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Ali Company uses a sales journal, purchases journal, cash receipts journal, cash

Ali Company 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. November 3 November 7 November 9 The company purchased $4,4 of merchandise on credit from Hart Company, terms n/2. The company sold merchandise costing $1,161 to J. Than for $1,276 on credit, subject to a $26 sales discount if paid by the end of the month. Novembe r November November November November 13 18 22 27 The company J. All, the The company The company The company The company borrowed $3,275 cash by signing a note payable to the bank. owner, contributed $4,575 cash to the company. sold merchandise costing $185 to 8. Cox for $329 cash. paid Hart Company $4,4 cash for the merchandise purchased on November 3. received $1, cash from J. Than in payment of the November 7 purchase. paid salaries of $2, in cash. Date Cash Account Credited Debit Sales Discount Debit Accounts Sales Receivable Credit Credit Other Accounts Credit Cost of Good Sold Debit Inventory

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