Finer Company uses a sales journal, purchases Journal, cash receipts Journal, cash payments Journal, and general journal. Identify the journal in which each of the transactions should be recorded. Journal Date Transaction May 2 The company paid Bryant Co. 515,340 cash for the merchandise purchased on May 12 5 Issued check no 890 to Walters Corp. to buy office supplies for $1,950 7 Paid Salary of 56,800 to J. Terry by issuing check no. 543 B Purchased $6.000 of merchandise on credit from Liggins toms 115 12 Received $1,225 cash from J. Dryer to pay for the purchase of May 7 16 Sold used store equipment (noninventory) for $900 cash to Golf, Inc 10 The company paid wages of $5,650 in cash. 25 Sold merchandise costing $800 to J. Dryer for $1,250, terms 2/10, 1/30, invoice no. 5704 Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the Journal in which each of the transactions should be recorded. Date Journal Transaction May 2 The company paid Bryant Co. 515,340 cash for the merchandise purchased on May 12 nued check no 190 to Walters Corp. to buy office supplies for $1,000 7 Pald salary of 56,800 to J. Tarry by issuing check no. 543. B Purchased $6,000 of merchandise on credit from Liggins forms 1015 12 Received $1.225 cash from J. Dryer to pay for the purchase of May 7 16 Sold used store equipment (noninventory) for $900 cash to Golf, Inc 19 The company paid wages of $5,650 in cash 25 Sold merchandise costing $800 to J. Dryer for $1,250 terms 2/10, 1/30, invoice no. 5704. Cash payments Journal Sales journal Cash receipts journal Purchases journal