Finer Company uses a sale journal, a purchase journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May.

May 2 Sold merchandise costing #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 $800 to J. Dryer for $1,250, terms 2/10, n/30, Invoice No. 5704.

8 Borrowed $9,000 cash by signing a note payable to the bank.

12 Sold merchandise costing $200 to R. Lamb for $340, terms n/30, Invoice No. 5705.

16 Received $1,225 cash from J. Dryer to pay for the purchase of May 7.

19 Sold used store equipment for $900 cash to Golf Inc.

25 Sold merchandise costing $500 to T. Taylor for $750, terms n/30, Invoice No. 5706

Prepare headings for a sales journal like the one in Exhibit 7.5 (Principles of Financial Accounting Ed. 22 Wild). Journalize the May transactions that should be recorded in this sales journal.