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Ex 71 Seved Help Save & Bait Sub Check my work 1 10 Finer Company uses a sales journal, a purchases journal, a cash receipts
Ex 71 Seved Help Save & Bait Sub Check my work 1 10 Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements joumal, and a general joumal. The following transactions occur in the month of May. Hay 2 Sold merchandise costing $368 to B. Facer for $540 cash, invoice no. 5783. 5 Purchased $2,500 of merchandise on credit fros Marchant Corp. 7 Sold merchandise costing 5972 to ]. Dryer for $1,409, terms 1/10, 1/30, invoice no. 5704. 8 Borrowed 50,00 cash by signing a note payable to the bank 12 Sold merchandise costing 5243 to R. Land for $389, terms 1/30, invoice no. 5705. 16 Received 51,395 cash from ). Dryer to pay for the purchase of May 1. 19 Sold used store equipment for $100 cash to Golf, Inc. 25 Sold merchandise costing 5410 to 1. Taylor for $644, teres 30, invoice no. 5706. Journalize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is used Dute SALES JOURNAL Accounts Account Debited Invoice Number Receivable De Sales C. Cost of Goods Said Dr Inventory
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