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. 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 Journalize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is used. SALES JOURNAL Accounts Cost of Goods Date Account Debited Invoice Number Receivable Dr . Sold Dr ventory Sales Cr