DateTransactionJournalMay 2Sold merchandise costing $500 to T. Taylor for $750 terms n/30, invoice number 5706.May 5Sold used office equipment (noninventory) for $3,402 cash to DeRozan Corporation.May 7The company paid wages of $5,650 in cash.May 8Borrowed $9,000 cash by signing a note payable to the bank.May 12The company paid Bryant Company $15,340 cash for the merchandise purchased on May 12.May 16Purchased $2,400 of merchandise on credit from Marchant Corporation.May 19Received $1,225 cash from J. Dryer to pay for the purchase of May 7.May 25The owner contributed $8,890 cash to the company