Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general Journal Journalize the following transactions that should be recorded in the sales Journal May 2 Sold merchandise costing $320 to B. Facer for $480 cash, invoice no. 5703 5 Purchased $2,700 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing 5864 to ). Dryer for $1,253, terms 2/10, 1/30, Invoice no. 5704 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $216 to R. Camb for $146, teras 1/30, Invoice no. 5705. 16 Received $1,228 cash from 7. Dryer to pay for the purchase of May 19 Sold used store equipment (noninventory) for $900 cash to Goll, Inc. 25 Sold merchandise costing $370 to T. Taylor for $581, teras 1/30, Invoice no. 5706 SALES JOURNAL Accounts Account Debited Invoice Number Receivable Dr. Sales Cr Cost of Goods Sold Dr Inventory C Date