Check my work 6 Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. 2 points Date Transaction May 2 Borrowed $9,000 cash by signing a note payable to the bank. Skipped eBook Hint Print References 5 Sold used store equipment (noninventory) for $900 cash to Golf, Inc. 7 The company paid salaries of $2,450 in cash. 8 Paid Liggins $6,000 cash for the merchandise purchased on May 3 12 Paid salary of $6,800 to J. Terry by issuing check no. 543. 16 Purchased $2,400 of merchandise on credit from Daring Corp terms n/60 19 Purchased S830 of store supplies from Bryce Company on credit terms n/45 25 Sold merchandise costing $380 to H. Durant for $560 cash, invoice no. 3029 Check my work Ali Co. uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and generaljournal. Identify the journal in which each of the transactions should be recorded. Date Transaction Journal points Nov. 1 Borrowed $8,750 cash by signing a note payable to Chase Bank. Skipped 3 Purchased $4,740 of merchandise on credit from Kirkpatrik, terms n/15. 7 Sold merchandise costing $7,320 to Rodgers Co. for $10,120 cash, invoice no. 4309. 14 Sold used store machinery (noninventory) for $5,432 cash to Lowry Corp. 17 Paid Kirkpatrik $4,740 cash for the merchandise purchased on Nov. 3 19 The company paid Weeks Co. $7,310 cash for the merchandise purchased on October 27 20 Sold merchandise costing $4,900 to P. Chryst for $4,350 on credit, terms n/20. 27 The company paid salaries and wages of $5,690 in cash eBook Hint Print References Chapter 7-Exercises Saved Help Save & Exit Submit Check my work 8 Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction Journal points April 3 The company borrowed $31,280 cash by signing a note payable to First Business Bank es Journal eBook Hint Print 9 Purchased $8,540 of merchandise on credit from Kellogs, terms n/20 12 Sold merchandise costing $870 to Wade Co. for $1,160 cash, invoice no. 5812. 17 Sold used equipment (noninventory)for $2,792 cash to Monroe Corp. 20 The company paid Henson Co. $1,540 cash for the merchandise purchased on March 27. 28 Sold merchandise costing $2,330 to J. Verland for $3,200 on credit, terms n/10. References29Paid Klloge $8,540 cash for the merchandise purchased on April 9 30 The company paid employee wages of $4,970 in cash