Question - Moeder 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 $4,000 of merchandise on credit from Hargrave Co., terms n/20.
7 The company sold merchandise costing $1,056 on credit to J. York for $1,160, subject to an $23 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. Emling, the owner, contributed $4,100 cash to the company.
18 The company sold merchandise costing $168 to B. Box for $299 cash.
22 The company paid Hargrave Co. $4,000 cash for the merchandise purchased on November 3.
27 The company received $1,137 cash from J. York in payment of the November 7 purchase.
30 The company paid salaries of $2,000 in cash.
Journalize the November transactions that should be recorded in the cash receipts journal assuming the perpetual inventory system is used.