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Accounting
Photos - Screenshot (305).png See all phalus + Add to 0 X Edit & Create Share O Ali 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. Nov. 3 The company purchased $4,400 of merchandise on credit from Hart Co., terms n/2e. 7 The company sold merchandise costing $1,161 to 3. Than for $1,276 on credit, subject to a $26 sales discount if paid by the end of the month. 9 The company borrowed $3,375 cash by signing a note payable to the bank. 13 J. Ali, the owner, contributed $4,675 cash to the company. 18 The company sold merchandise costing $185 to B. Cox for $329 cash. 22 The company paid Hart Co. $4,400 cash for the merchandise purchased on November 3. 27 The company received $1,250 cash from 3. Than in payment of the November 7 purchase. 30 The company paid salaries of $2,200 in cash. Date Account Credited CASH RECEIPTS JOURNAL Accounts Sales Other Discount Dr. Receivable. Sales Cr. Accounts Cr. Cr. Cash Dr. Cost of Goods Sold Dr. Inventory Cr. Type here to search O (2 4) ON 739 AM 11/18/2020
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