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Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. May 2 Sold merchandise costing $260 to B.

image text in transcribed Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. May 2 Sold merchandise costing $260 to B. Facer for $390 cash, invoice number 5703 . May 5 Purchased $2,500 of merchandise on credit from Marchant corporation. May 7 Sold merchandise costing $702 to J. Dryer for $1,018, terms 2/10, n/30, invoice number 5704 . May 8 Borrowed $8,000 cash by signing a note payable to the bank. May 12 Sold merchandise costing $176 to R. Lamb for $282, terms n/30, invoice number 5705 . May 16 Received $998 cash from J. Dryer to pay for the purchase of May 7 . May 19 Sold used store equipment (noninventory) for $900cash to Golf, Incorporated. May 25 Sold merchandise costing $310 to T. Taylor for $487, terms n/30, invoice number 5706 . Journalize the following transactions that should be recorded in the sales journal

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