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.

Date	Transaction	Journal
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, 3/30, 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.