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 2 Sold marchandise conting $260 to 3. Pacer for $390 cash, invoice no. 5703. S Purchased $2,800 of merchandise on credit from Marchant Corp. 7 Sold merchandise coating $702 to J. Dryer for $1,018, term 2/10, 1/30, invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $176 to R. Lamb for $282, terns 1/30, invoice no. 5705. 16 Received $998 cash from J. Dryer to pay for the purchase of May 7. 19. Sold used store equipment (noninventory) for $900 cash to Golf, Ine. 25 Sold merchandise coating $310 to 2. Taylor for $487. terns n/30, Invoice no. 5706. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr Cost of Goods Sold or Inventory Cr. May 07