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 conting $430 to B. Facer for $645 cash, invoice no. 5703. 5 Purchased $2,650 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $1,161 to J. Dryer for $1,683, terma 3/10, n/30, Invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $290 to R. Lamb for $464, terms n/30, invoice no. 5705. 16 Received $1,633 cash from J. Dryer to pay for the purchase of May 7. 19 Sold used store equipment (noninventory) for $900 cash to Golf, Inc. 25 Sold merchandise coating $480 to T. Taylor for $754, terma n/30, invoice no. 5706. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr