Finer Company uses a sales journal, a purchases journal, a cash reciepts journal, a cash disbursements journal, and a general journal. The following transactions occur in yhe month of May

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 $420 to B. Facer for $630 cash, invoice no. 5703. S Purchased $2,650 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $1,134 to 3. Dryer for $1,644, terms 2/10, n/30, invoice no. 5784 8 Borrowed $8,800 cash by signing a note payable to the bank, 12 Sold merchandise costing $284 to R. Lamb for $454, terms n/30, invoice no. 5705. 16 Received $1,611 cash from 3. Dryer to pay for the purchase of Hay 7. 19 Sold used store equipment for $900 cash to Golf, Inc. 25 Sold merchandise costing $470 to T. Taylor for $738, terms n/30, invoice no. 5706. ok Journalize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is used SALES JOURNAL Cost of Goods Sold Dr. Accounts Date Account Debited Invoice Number Receivable Dr Sales Cr Cr nven