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Business, 06.12.2019 06:31 arodriguez395

Ali co. uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. the following transactions occur in the month of november. nov. 3 the company purchased $3,200 of merchandise on credit from hart co., terms n/20. 7 the company sold merchandise costing $840 on credit to j. than for $1,000, subject to a $20 sales discount if paid by the end of the month. 9 the company borrowed $3,750 cash by signing a note payable to the bank. 13 j. ali, the owner, contributed $5,000 cash to the company. 18 the company sold merchandise costing $250 to b. cox for $330 cash. 22 the company paid hart co. $3,200 cash for the merchandise purchased on november 3. 27 the company received $980 cash from j. than in payment of the november 7 purchase. 30 the company paid salaries of $1,650 in cash. journalize the november transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used.

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