Ex 7-2 Che 1 Finer Company 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 May. Identify the journal in which each transaction should be recorded. Journal 10 Date Transaction May 2 Bold merchandise conting $300 to B. Facer for $450 cash. Invoice no. 5703 5 Purchased $2.400 of merchandise on credit from Marchant Corp 7 Sold merchandise costing 500 to J. Dryer for $1.250 farms 2/10, 30, invoice no. 5704 8 Borrowed $9,000 cash by signing a note payable to the bank. 12 Sold merchandise Gosting $200 to R. Lamb for $340, msn/30, invoice no 5705 16 Received 51.225 cash from Dryer to pay for the purchase of May 7 19 Solid used store equipment for $800 cash to Golline 25 Sold merchandise coating $500 T Taylor for $750, torms 11:30, invoice no. 6706 Prire Tort