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Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash di The following transactions occur in the month of May
Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash di The following transactions occur in the month of May journal, and a general journal May 2 Sold nerchandise costing $338 to B. Facer for $495 cash, invoice no. 5703 5 Purchased $2,888 of merchandise on credit from Marchant Corp. 7 Sold merchandise c 8 Borrowed $8,eee cash by signing a note payable to the bank 12 Sold merchandise costing $223 to R. Lamb for $357, terms n/3, invoice no. 570s 16 Received $1,253 cash from 3. Dryer to pay for the purchase of May 7 19 Sold used store equipment for $9ee cash to Golf, Inc. 25 Sold merchandise costing $380 to T. Taylor for $597, terns n/30, invoice no. 5766 osting $891 to . Dryer for $1,292, teres 3/18, n/3e, Invoice no. 5784. Journalize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is used. of lot 6 Next >
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